Stock market news today: Jobless claims spike reignites recession fears

on the economy in the coming months."Recessions are like this odorless gas. They catch up on you," he warned.following a report that said it was considering a sale. The troubled bank stock plunged by more than 20% and helped drag down the Regional Banking sector ETF by 2%.

Investors remain focused on earnings after Disney reported a decline in streaming subscriptions to its Disney+ platform. The stock fell about 6%. So far, 90% of companies have reported first-quarter results, with 77% of those companies beating profit estimates by a median of 8%.

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