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

Anurag Sharma
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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.

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