Quarterly reports from some big banks fail to motivate investors as indexes lag

stocks fell and so did other banks. They’ve made big gains over the last month.

CFRA Investment Strategist Lindsey Bell said the companies reported good results from consumer banking businesses, but other divisions didn’t do as well.

“The bar was set kind of high,” she said. “Given the run that these stocks have had into these earnings reports, they’re going to need to see these other businesses pick up steam.”

The Standard & Poor’s 500 index fell 4.31 points, or 0.2 percent, to 2,550.93. The Dow Jones industrial average lost 31.88 points, or 0.1 percent, to 22,841.01. The Nasdaq composite dipped 12.04 points, or 0.2 percent, to 6,591.51. Those three indexes closed at record highs Wednesday. The Russell 2000 index of smaller-company stocks slumped 1.76 points, or 0.1 percent, to 1,505.16. More stocks rose than fell on the New York Stock Exchange.

AT&T said it lost about 90,000 DirecTV video subscribers in the U.S. in the third quarter because of growing competition in streaming video services. That’s a bigger drop than the one it reported a year ago even though it has launched DirecTV Now, an online service that doesn’t cost as much.

The company said tighter credit standards and hurricanes also affected its business. AT&T stock fell $2.33, or 6.1 percent, to $35.86.

Verizon Communications shed 51 cents, or 1 percent, to $48.35 and cable provider Comcast fell $1.47, or 3.8 percent, to $35.95. Dish Network slid $2.62, or 5.1 percent, to $49.03. Cable channel operator Discovery Communications lost 72 cents, or 3.6 percent, to $19.28.

Industrial and transportation companies like railroads did better than the rest of the market. Machinery maker Caterpillar gained