How major US stock indexes fared Thursday 5/11/2023

Wall Street edged lower, weighed down by a sharp drop for Disney and flaring fears about the health of some U.S. banks. The S&P 500 and the Dow slipped, while the Nasdaq gained ground. Some banks beaten down by the industry’s mini-panic came under pressure. PacWest tumbled after disclosing a flight of deposits last week. Also falling was Peloton Interactive, which is recalling 2.2 million of its exercise bikes because of a seat defect. In the bond market, Treasury yields slipped after another report suggested inflation is slowly heading toward normal.