Stocks fluctuate as tech giants face uncertain outlook.

1 min read
Source: CNBC
Stocks fluctuate as tech giants face uncertain outlook.
Photo: CNBC
TL;DR Summary

The stock market is facing concerns over the banking crisis as tech giants continue to perform well. Meta's earnings report exceeded expectations, causing its stock to surge more than 10%. First Republic Bank is struggling to secure a rescue plan, causing its shares to drop more than 90% this year. Disney is suing Florida Governor Ron DeSantis and his allies over political retribution. House Speaker Kevin McCarthy's debt ceiling bill passed with a narrow margin, but is unlikely to pass in the Democratic-controlled Senate.

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