NEW YORK—Stocks on Wall Street dipped Thursday following mixed earnings reports from big companies and more signals the U.S. economy may be slowing.
The S&P 500 fell 24.73, or 0.6 percent, to 4,129.79 after drifting listlessly earlier this week. The Dow Jones Industrial Average slipped 110.39, or 0.3 percent, to 33,786.62, while the Nasdaq composite dropped 97.67, or 0.8 percent, to 12,059.56.
Tesla weighed heavily on the market for a second straight day on worries about how much profit it’s making on each of its electric vehicles. It dropped 9.7 percent after reporting revenue for the first three months of the year that fell short of analysts’ expectations as it repeatedly cut prices on its models….