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. Some of last year’s biggest winners again gave back some of their gains to weigh on the market. Tesla fell 4 percent after more than doubling last year, for example. It and the other six “Magnificent 7”…
