Live Updates: Dow Jones Futures Slip Amid Disney's Slump and Inflation Concerns

• PacWest's stock tumbled by 20% following the announcement of a 9.5% decline in deposits for the week ended May 5. This resulted in a decrease in the stock prices of other regional banks such as Western Alliance and First Horizon. 
• Disney shares fell over 5% after the company's streaming subscriber growth slowed down, despite an improvement in losses for the business. The company's earnings and revenue figures were in line with market expectations. 
• Unity Software's stock rose more than 9% after the video game software developer reported better-than-expected revenue for the latest quarter and increased its revenue outlook for the full year.

PacWest stock tumbled by over 20% in premarket trading, after the bank reported a sharp drop in deposits in a securities filing. For the week ending May 5, the bank's deposits fell by 9.5%, resulting in approximately $5.2 billion of uninsured deposits and $15 billion in available liquidity, as per the filing. The decline in PacWest's shares also had a domino effect on other regional bank stocks, with Western Alliance's stock witnessing a more than 6% drop. This has raised concerns about the potential impact of declining deposits on the banking sector, which remains a critical pillar of the US economy.

The monthly increase in the producer price index, which measures the cost of raw materials for wholesalers, was reported to be 0.2% for April by the Labor Department on Thursday. This figure was lower than the anticipated 0.3% rise predicted by economists surveyed by Dow Jones.

Hindenburg Research, a notable short-seller, has continued its short-selling campaign against Icahn Enterprises following the release of Carl Icahn's conglomerate's quarterly report. According to the Nathan Anderson-led firm, the company's financial report failed to address the red flags the short-seller initially raised. Hindenburg took a short position against Icahn's company last week, alleging "inflated" asset valuations and other reasons for what it says is an unusually high net asset value premium in shares of the publicly traded holding company. 

Icahn Enterprises declared a $2 per share quarterly dividend, however, the company reported a net loss of $270 million in the first quarter, and its hedge fund lost 4.1% during the period. The stock fell approximately 4% in premarket trading Thursday. Since Hindenburg launched its campaign, the company's shares have dropped more than 30%.

After the successful announcement of a plethora of AI-based tools at its developer conference in Mountain View, California, Google's parent company Alphabet's shares experienced an upward trend, gaining over 4% on the stock market. As per the official statement from Google, the company is planning to introduce AI to its poster search feature and add advanced features to its online office suite. The search giant also revealed its new chatbot Bard and the next-generation large language model PaLM 2, eliminating the wait list for the chatbot. This news has caused a significant stir in the tech industry, with many speculating that Alphabet's efforts in AI will have a far-reaching impact on the future of technology and business.

At the beginning of the session, the Dow experienced a decline of over 200 points, primarily due to Disney's performance. The S&P 500 also saw a decrease of 0.4%, while the Nasdaq Composite had a slight dip.