Tech Sector Lifts Wall Street Despite Banking Woes and Recession Fears

Alphabet and Microsoft reported strong quarterly results, exceeding analyst estimates for revenue and profits.
However, First Republic Bank experienced a 40% drop in deposits, causing its stock price to plunge 50% and raising concerns over the stability of regional banks.
Investors remain cautious about the prospect of an economic recession later this year despite recent gains in the stock market and labor market.
The Federal Reserve is expected to raise interest rates again in May, though signs of slowing economic activity could prompt policymakers to slow the pace of rate hikes.
Major media companies like Warner Bros. aim to increase theatrical releases to offset losses from streaming.