Stocks on Wall Street declined on Tuesday over concerns that the rate of home resales, factory orders and consumer spending have flatlined, dpa reported.
The blue-chip Dow Jones Industrial Average slipped by 38 points, or 0.36 per cent, to 10,636.38. The broader Standard and Poor's 500 Index declined by 5.4 points, or 0.48 per cent, to 1,120.46. The technology-heavy Nasdaq Composite Index dropped by 11.84 points, or 0.52 per cent, to 2,283.52.
"You'd have to paint today's numbers as a whole as disappointing," E William Stone, a chief investment strategist at PNC Wealth Management in Philadelphia, told Bloomberg news. "Incomes, spending, pending home sales, factory orders - it's on the whole disappointing. We know we're in a soft spot."
On currency markets, the US dollars fell to 75.61 euro cents from 75.91 euro cents on Monday, while also losing value against the yen, dropping to 85.80 from 86.43 yen a day earlier.