Disney's Streaming Losses Drag Down Dow and S&P 500.
TL;DR Summary
The Dow and S&P 500 were dragged down by a drop in Disney shares after the company reported a fall in subscriber growth, while PacWest's latest woes sparked another rout in the regional banking sector. PacWest Bancorp plunged 24% after it reported a drop in deposits last week and pledged an additional $5.1 billion of its loans to the central bank. The KBW Regional Banking Index slid 1.6%, hitting a one-week low on an intraday basis, while eying a four straight session of loss.
- US STOCKS-Dow, S&P 500 dragged down by Disney; PacWest leads regional bank rout Yahoo Finance
- Disney Stock Tumbles as Streaming Losses Spook Investors The Wall Street Journal
- Dow closes more than 200 points lower for fourth straight day of losses, dragged down by Disney: Live updates CNBC
- Stocks mixed as investors weigh inflation data, regional bank turmoil: Stock market news today Yahoo Finance
- Disney Stock Down Nearly 9% Since Yesterday's Closing WDW News Today
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