US regulators are urging a recall of 67 million air bag inflators they say could explode in a crash, a major escalation of a safety issue that has plagued the auto industry for years.

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.

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%,

PacWest said deposits fell in the week of May 5 following reports it was exploring strategic options, including a sale.

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.