NEW YORK—U.S. stocks dipped Tuesday following another day of meandering trading, as Wall Street debates whether the market’s strong recent run is the start of a turnaround or just a temporary blip.
The S&P 500 fell 27.44, or 0.7 percent, to 4,091.19 after drifting between a loss of 0.9 percent and a gain of 0.5 percent through the day. The Dow Jones Industrial Average dropped even more, losing 402.23, or 1.2 percent, to 32,396.17, largely because of a tumble for equipment maker Caterpillar. The Nasdaq composite held up better but still slipped 20.22, or 0.2 percent, to 12,348.76.
