At 2:28 p.m. ET (1828 GMT), the Dow Jones Industrial Average was down 0.62% at 26,702.34 points, while the S&P 500 lost 0.44% to 3,212.51. The Nasdaq Composite dropped 0.66% to 10,480.66. Rounding up earnings reports of big banks, Bank of America Corp fell 3% after its second-quarter profit more than halved, while Morgan Stanley rose 2.2% after posting a record quarterly profit. American Airlines dropped 7.2% as it sent 25,000 notices of potential furloughs to frontline workers and warned that demand for air travel is slowing again. Tesla Inc slipped 1.8% as its vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from a marketing research firm. Declining issues outnumbered advancing ones on the NYSE by a 1.42-to-1 ratio; on Nasdaq, a 1.62-to-1 ratio favored decliners. The S&P 500 posted 29 new 52-week highs and no new lows; the Nasdaq Composite recorded 72 new highs and 10 new lows. --SPA 21:56 LOCAL TIME 18:56 GMT 0023 www.spa.gov.sa/w1372311