U.S. stock benchmarks headed solidly lower Tuesday, with the S&P 500 and Nasdaq Composite halting lengthy win streaks that had been a feature of a stock market that appeared to levitate off optimism around third-quarter earnings, despite lingering concerns about out-of-control inflation that have been amplified by supply-chain bottlenecks heading into the holiday season. The Dow Jones Industrial Average DJIA, -0.31% closed down 112 points, or 0.
down 12% on the session, helped weigh on the broader market. The company's shares have been under pressure since Tesla CEO Elon Musk signaled that he might sell a sizable slug of his shares. In U.S. economic data, the October producer-price index rose 0.6%, in line with expectations, with the pace of wholesale inflation over the past 12 months flat at 8.
Profit taking?
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