Market Reacts to Inflation Data and Regional Banking Concerns, Disney Earnings and Jobless Claims.
TL;DR
US stock futures were mixed as new inflation data came in cooler than expected and regional banking concerns continued to weigh on markets. PacWest reported deposit outflows in May, causing its stock to slump 20%. Disney's Q1 earnings were slightly weaker than expected, but price increases for Disney+ helped offset a lower-than-expected subscriber number. Robinhood reported better-than-expected revenue in Q1 and announced it will be launching 24-hour trading services for certain securities. Producer price increases for April came in cooler than economists had expected.
- Stock futures mixed on new inflation data, regional banking concerns: Stock market news today Yahoo Finance
- Stocks making the biggest moves premarket: PacWest, Disney, Robinhood and more CNBC
- Dow Jones Futures Drop After Inflation Data, Jobless Claims; PacWest Plunges On Deposit Fall Investor's Business Daily
- Stock Market Today: Dow Futures Edge Down, Bond Yields Rise After PPI Data The Wall Street Journal
- S&P 500 futures are flat as investors assess Disney earnings, inflation readings: Live updates CNBC
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