NEW YORK—Wall Street dipped on Tuesday following some mixed earnings reports, as stocks remain roughly where they’ve been stuck for more than a month.
The S&P 500 fell 18.95 points, or 0.5 percent, to 4,119.17. The Dow Jones Industrial Average lost 56.88, or 0.2 percent, to 33,561.81, while the Nasdaq composite fell 77.36, or 0.6 percent, to 12,179.55.
Paypal fell 12.7 percent despite reporting better profit and revenue for the latest quarter than expected. Analysts pointed to its forecast for how much profit it expects to wring out of each $1 of revenue, which may have disappointed some investors.
Electric automaker Lucid Group dropped 5.6 percent after reporting a worse loss than expected for the latest quarter….