Wall Street gains continue after hitting 3-month high

The Walt Disney Co. jumped 7.9% for the biggest gain in the index after the entertainment company reported stronger profit for the spring than analysts expected. The Dow Jones Industrial Average was up 295 points, or 0.9%, at 33,603, as of 10:13 a.m. Eastern time. The Nasdaq composite was 1.1% higher. The S&P 500 has more than halved its losses from earlier in the year, and it’s up roughly 16% from a bottom in mid-June. Inflation is still painfully high, of course, and the economy has given false signals before that relief was on the way only for the rug to get pulled out of underneath investors, but enough hope for a peak has built . . .