Dow, S&P 500 finish lower as Disney stock tumbles


U.S. stocks ended mostly lower on Thursday, with the Dow booking a fourth day in a row of losses, as selling pressures returned to shares of regional banks. The Dow Jones Industrial Average DJIA, -0.66% shed about 221 points, or 0.7%, ending near 33,310, according to preliminary FactSet data. The S&P 500 index SPX, -0.17% fell about 0.2%, while the Nasdaq Composite Index COMP, +0.18% closed 0.2% higher. Disappointing earnings from Disney Co. DIS, -8.73% tied to its streaming business helped drag down the blue-chip Dow, while shares of PacWest Bancorp PACW, -22.70% fell more than 20% after it disclosed a 9.5% decline in deposits in recent weeks. Short-term rates remained volatile on Thursday as investors hoped for progress on the debt-ceiling stalemate in Washington D.C. The 2-year Treasury TMUBMUSD02Y, 3.882% was pegged at 3.906%, up four of the past five trading days, according to Dow Jones Market Data. The 6-month Treasury bill was at 5.11%.

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