{"id":7432,"date":"2023-05-11T16:25:42","date_gmt":"2023-05-11T20:25:42","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/u-s-stocks-were-mixed-after-disneys-earnings-inflation-data\/"},"modified":"2023-05-11T16:25:43","modified_gmt":"2023-05-11T20:25:43","slug":"u-s-stocks-were-mixed-after-disneys-earnings-inflation-data","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=7432","title":{"rendered":"U.S. stocks were mixed after Disney’s earnings, inflation data"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Investing.com — U.S. stocks were mixed on Thursday after earnings from Walt Disney <\/span><\/span> and new data on inflation and the labor market.<\/p>\n

At 11:44 ET (15:44 GMT), the was down 227 points or 0.7%%, while the was down 0.2% and the was up 0.1%.<\/p>\n

Walt Disney Company (NYSE:) shares fell 8.2% after it Wednesday evening, saying subscribers to its streaming business fell in the quarter. Shares of PacWest Bancorp <\/span><\/span> (NASDAQ:) fell 23% after it disclosed deposits dropped 9.5% in the May 5 week.<\/p>\n

Growth in slowed again in April from a year earlier. Evidence that inflation is cooling is encouraging the view that the is going to pause its interest rate hiking campaign in June after raising rates by a quarter of a percentage point last week.<\/p>\n

Also encouraging that view: came in slightly higher last week than expected, at 264,000 versus expectations for 245,000. And rose slightly less than expected in April, at 2.3% from last year versus expectations for 2.4%.<\/p>\n

Stocks have risen this year as investors anticipate the Fed will start reversing course and cut rates during the second half of the year.<\/p>\n

An outstanding issue is the resolution of the debt ceiling fight in Washington, where lawmakers are fighting over whether to attach spending cuts as a condition to raising the limit. Biden administration officials have warned that the government might run out of options to pay its obligations as early as June 1 if Congress fails to raise or suspend the limit.<\/p>\n

Alphabet Inc. Class A (NASDAQ:) shares rose 4.8% after Google showcased several artificial intelligence projects that it sees helping it compete in the fast-moving space against competition from Microsoft (NASDAQ:) and others.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Investing.com — U.S. stocks were mixed on Thursday after earnings from Walt Disney and new data on inflation and the labor market. At 11:44 ET (15:44 GMT), the was down 227 points or 0.7%%, while the was down 0.2% and the was up 0.1%. Walt Disney Company (NYSE:) shares fell 8.2% after it […]<\/p>\n","protected":false},"author":1,"featured_media":7433,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-7432","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nU.S. stocks were mixed after Disney's earnings, inflation data | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. Investing.com -- U.S. stocks were mixed on Thursday after earnings from Walt Disney and new data on inflation and the labor market. 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