NEW YORK -- U.S. stocks slipped Tuesday on a weak consumer confidence report and a drop in the bond market that raised fears of higher interest rates. The Dow Jones industrial average fell 47.88 points, 0.46 percent, to close at 10,428.02 on a volume of slightly more than 1 billion shares. The Nasdaq composite lost 10.06 points, or 0.48 percent, to end the day at 2,096.81, while the Standard & Poor's 500 slipped 4.75 points, or 0.40 percent, closing at 1,173.82.

The Conference Board said its consumer-confidence index for November fell to 90.5, down from 92.9 in October, the Wall Street Journal reported. Economists had expected the index to rise to 96.1.

The 10-year Treasury note fell 9/32, or $2.81 for each $1,000 invested, for a 4.36 percent yield.

The dollar rose to 102.93 yen from 102.85, and the euro climbed from $1.3272 to $1.329.

Tokyo's Nikkei 225 issues lost 78.64 points, or 0.7 percent, to close at 10,899.25, and London's FTSE 100 settled at 4,701.80 after falling 48.00 points, or 1.01 percent.

Copyright 2004 by United Press International