Stock Market Today: Disney Earnings Drag on Dow

An unexpected decline in subscribers weighed on Disney stock Thursday, while notable deposit outflows sent PacWest tumbling.

Walt Disney company logo on screen at New York Stock Exchange
(Image credit: Michael M. Santiago/Getty Images)

Stocks spent most of Thursday lower as investors took in a heavy dose of economic and earnings reports. 

While the latest inflation data showed producer prices rose at their slowest pace in two years, higher-than-expected weekly jobless claims stoked concerns of a slowing economy. A shocking subscriber admission from Walt Disney (DIS) weighed on investor sentiment, too, as did dismal deposit data from embattled lender PacWest (PACW). 

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.