NEW YORK—Wall Street tumbled Tuesday to its worst day in a month on worries about the strength of corporate profits and the economy following some mixed reports.
The S&P 500 fell 1.6 percent to break out of a weekslong lull. The Dow Jones Industrial Average dropped nearly 345 points, or 1 percent, while the Nasdaq composite sank 2 percent.
First Republic Bank had the biggest loss in the S&P 500 by far, and its stock nearly halved after it said customers withdrew more than $100 billion during the first three months of the year. That doesn’t include $30 billion in deposits that big banks plugged in to build faith in their rival after the second- and third-largest U.S. bank failures in history shook confidence….