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Stocks retreat from records, Tesla tumbles 12%

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U.S. stock indexes pulled back from record highs Tuesday as investors digested another hot inflation reading.

The Dow Jones Industrial Average fell 111 points, or 0.31%, while the S&P 500 index and the Nasdaq Composite index slipped 0.35% and 0.6%, respectively. The losses come a day after all three of the major averages closed at all-time highs, and snapped the Nasdaq’s 11-day winning streak. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 36319.98 -112.24 -0.31%
SP500 S&P 500 4685.25 -16.45 -0.35%
I:COMP NASDAQ COMPOSITE INDEX 15886.542552 -95.81 -0.60%

The producer price index rose 0.6% in October, in line with what analysts surveyed by Refinitiv were expecting. Prices increased 8.6% year over year, posting the seventh straight record annual gain. 

After the report, the yield on the 10-year note was down six basis points…

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