NEW YORK—Wall Street edged lower Thursday, weighed down by a sharp drop for The Walt Disney Co. and flaring fears about the health of some U.S. banks.
The S&P 500 lost 7.02 points, or 0.2 percent, to 4,130.62, with two out of every three stocks in the index falling. The Dow Jones Industrial Average lost 221.82, or 0.7 percent, to 33,309.51, while the Nasdaq composite rose 22.06, or 0.2 percent, to 12,328.51.
Disney was one of the heaviest weights dragging on the market. It dropped 8.7 percent after it said it lost streaming subscribers in the United States and Canada last quarter, surprising analysts. That was despite its earnings and revenue for the latest quarter roughly matching Wall Street’s forecasts….