High Oil, Low Dollar Leave Stocks Drooping

Updated from 4:10 p.m. EDT

Stocks in New York were weak for the entire session Tuesday and closed to the downside as a batch of mixed earnings reports, another record low in the dollar and soaring oil prices put selling pressure on the major averages.

At its worst point the Dow Jones Industrial Average took a slide of nearly 170 points, but the index recovered a bit to end down 104.79 points, or 0.82%, at 12,720.23. The S&P 500 lost 12.23 points, or 0.88%, to 1375.94, and the Nasdaq Composite slid 31.1 points, or 1.29%, to 2376.94.

Though the market was sluggish from the outset, the weakness intensified after the greenback fell through the $1.60 mark against the euro for the first time ever. ...