![]() ![]() ![]() According to preliminary data, the S&P 500 lost 7.63 points, or 0.18%, to end at 4,130.01 points, while the Nasdaq Composite gained 20.13 points, or 0.16%, to 12,326.57. The energy sector fell along with declines in oil prices. Walt Disney shares slid after the company reported quarterly results late Wednesday. But there's very likely to be more consolidation and more headaches for regional bank investors," said Oliver Pursche, senior vice president and advisor at Wealthspire Advisors in Westport, Connecticut. "I don't think you can say that it is a widespread issue. Other regional bank shares fell as well, as the news renewed worries about the industry's health following the recent collapse of three regional lenders. ![]() PacWest Bancorp shares dropped after it reported its deposits fell 9.5% last week and that it had posted more collateral to the U.S. Microsoft shares fell and were among the biggest negative influences on the S&P 500 and Nasdaq. Lifting the Nasdaq, shares of Alphabet Inc rose, a day after Google rolled out more artificial intelligence products to take on competition from Microsoft Corp. The Dow and the S&P 500 ended lower on Thursday, dragged down by Walt Disney Co, which reported weaker subscriber growth, and declines in regional bank and energy stocks. Reuters | Washington DC | Updated: 12-05-2023 01:34 IST | Created: 12-05-2023 01:31 IST Representative Image Image Credit: Flickr ![]()
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