The S&P 500 Information Technology Sector index was up 2% at 3:15 p.m. ET Wednesday, while the broader S&P 500 was 1% higher and the tech-heavy Nasdaq advanced by nearly 1.3%. Disney CEO Points to Cost-Cutting at Disney+; Shares Slide Walt Disney (DIS) shares fell more than 2% Wednesday after CEO Bob Iger said the entertainment giant will be slashing expenses to boost profitability. Iger told MoffettNathanson’s 2024 Media, Internet, and Communications Conference in New York that the costs at its Disney+ ...