PacWest Bancorp dominates stock market movement amidst potential sale and Bitcoin price surge.

Paramount Global's stock plummeted over 27% after cutting its dividend and reporting earnings below expectations. Regional bank stocks, including PacWest, First Horizon, and Western Alliance, suffered heavy losses. Shopify's stock surged over 27% after beating expectations for the previous quarter. Royal Caribbean's stock rose 6% after beating Wall Street expectations for the quarter. Peloton's stock dropped 12% after reporting a wider-than-expected loss. Qualcomm's stock lost over 6% after sharing lighter-than-expected guidance.