U.S. stock futures were mixed Thursday morning as new inflation data came in cooler than expected and regional banking concerns continued to weigh on markets.
Futures tied to the S&P 500 (^GSPC) were mostly flat, while futures on the Dow Jones Industrial Average (^DJI) shed 71 points, or 0.21%. Futures on the technology-heavy Nasdaq Composite (^IXIC) rose 0.24%.
On Thursday morning, regional bank PacWest (PACW) reported deposit outflows were reignited in May. PacWest stock slumped 20% in pre-market trading after the company disclosed in an SEC filing its deposits fell 9.5% in the first week of May.
Shares of Disney (DIS) slumped prior to the opening bell after reporting first-quarter earnings that came in slightly weaker than analysts had hoped on Wednesday night. The media and entertainment conglomerate’s price increases for Disney+ helped offset a lower-than-expected subscriber number. The report comes as Disney executes a broad restructuring plan amid an ongoing battle with Florida…
This article was written by and originally published on finance.yahoo.com