Market Volatility Continues Amid Banking Turmoil and Economic Data.

First Republic Bank's survival is in question as it faces a potential collapse, with analysts predicting that the bank is "toast." The crisis in the banking sector comes as Washington negotiates a debt ceiling standoff and amid a slew of economic reports due out Thursday, including first-quarter GDP, weekly jobless claims, mortgage rates, and pending home sales. Weekly jobless claims fell last week, but the US economy slowed to an annualized and seasonally adjusted rate of 1.1% in the first quarter of this year, below economists' expectations of 2%.