NEW YORK—Stocks fell on Wall Street Tuesday after reports on the economy came in weaker than expected.
The S&P 500 dropped 23.91 points, or 0.6 percent, to 4,100.60 to break a four-day winning streak. The Dow Jones Industrial Average fell 198.77, or 0.6 percent, to 33,402.38, and the Nasdaq composite sank 63.13, or 0.5 percent, to 12,126.33.
Investors are still split on whether the U.S. economy will fall into a recession and how badly corporate profits are set to drop. The biggest question remains what the Federal Reserve will do next with interest rates after hiking them furiously over the last year to get high inflation under control….