NEW YORK -- Profit-taking and disappointing producer price news combined to depress all major U.S. stock indexes Tuesday.
The Dow Jones industrial average fell 62.59 points, 0.59 percent, to close at 10,487.65 on a volume of 1.3 billion shares. The Nasdaq composite slipped 15.47 points, or 0.74 percent, to end the day at 2,078.62, and the Standard & Poor's 500 declined 8.39 points, or 0.71 percent, to close at 1,175.42.
The producer price index, a measure of wholesale inflation, rose 1.7 percent during October, after only a 0.1 percent increase in September. The October increase was the biggest monthly hike in 14 years and reflected a recent sharp run-up in energy prices.
The 10-year Treasury note fell 7/32, or $2.19 for each $1,000 invested, for a 4.21 percent yield.
The dollar edged up against the yen to 105.40 points from 105.31, while the euro rose to $1.2956 from $1.2944.
Tokyo's Nikkei 225 fell 65.82 points, or 0.6 percent, to end at 11,161.75. London's FTSE 100 settled at 4,766.80 after slipping 36.30 points, or 0.76 percent.
