Thursday, May 11, 2023

Wall Street edges lower following inflation data, drops for Disney, banks

Wall Street suffered losses as US bank health concerns flared and media giant Disney posted losses. The S&P 500 fell 0.2%, with two-thirds of stocks dropping, while the Nasdaq composite increased 0.2%. Disney’s shares fell 8.7% to cause the most substantial market weight, as analysts were surprised by its loss of streaming subscribers.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HswfkgA

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