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Lions Gate, Pandora Rally As Dow Soars 112 Points

John Divine
May 12, 2014

The stock market advanced again on Monday, as the Dow Jones Industrial Average (DJINDICES: ^DJI) logged a fourth straight day of gains, reaching record intraday highs in the process. With earnings season largely behind us and little breaking economic news, investors showed their willingness to assume more risk in the pursuit of higher returns today. Eight in 10 sectors advanced, with the more conservative utilities and telecom sectors ending as the only laggards. The Dow, for its part, jumped 112 points, or 0.7%, to end at 16,695.

Walt Disney (NYSE: DIS) shares, which added 0.6%, have outperformed the Dow thus far in 2014, tacking on nearly 8% to the Dow's 0.7%. Today the tech and media news site Re/code reported that Disney had officially closed its acquisition of Maker Studios, one of YouTube's largest networks. The purchase cost Disney $500 million, and the House of Mouse could shell out an additional $450 million depending on Maker's performance. Only time can tell how the pickup p