Stock Market Today: Wall Street Slumps as Its Weak Start to 2024 Carries Into Another Day

Stock Market Today: Wall Street Slumps as Its Weak Start to 2024 Carries Into Another Day
Traders work on the floor at the New York Stock Exchange in New York on Jan. 3, 2024. Seth Wenig/AP Photo
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NEW YORK—Stocks fell again Wednesday as Wall Street’s slow start to the year stretched into a second day.

The S&P 500 lost 38.02, or 0.8 percent, to 4,704.81, though it remains within 2 percent of its record set exactly two years ago. The Dow Jones Industrial Average dropped 284.85 points, or 0.8 percent, from its own record to 37,430.19. The Nasdaq composite led the market lower with a drop of 173.73, or 1.2 percent, to 14,592.21.