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Stock market news today: Jobless claims spike reignites recession fears

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US stocks trade mostly lower as fresh economic data spurs new 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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