Major market averages tilted to the downside on Thursday morning as investors received more data on wholesale inflation. Early on and the Dow (DJI) fell 0.6%, the S&P 500 (SP500) declined by 0.3%,

Wall Street was looking to extend its latest gains, with the tech-heavy Nasdaq Composite in line for a fresh nine-month high.

U.S. regulators have released inspection reports of Chinese auditors. They found "unacceptable rates" of deficiencies in the audit process.

"News headlines increased our customers fears of the safety of their deposits," PacWest said in an SEC filing.

CTI Biotech, Upstart, RingCentral, Twilio and H&R Block were among some of Wednesday's biggest moving stocks in premarket trading.

As the debt ceiling looms over Washington, the government could run out of cash to pay Social Security, food stamps and more. How it could affect you.

Shares of Airbnb tumbled Wednesday, a day after the company released its first-quarter report that offered a cautious outlook for the current quarter.

Tether Holdings Ltd., the operator of the largest stablecoin, increased its holdings of US Treasury bills to $53 billion while simultaneously cutting its exposure to cash in the first quarter,