US equities fell on Tuesday, with indices pulling back from their highest levels in more than a year as traders focused on weak economic data rather than higher-than-expected earnings, including impressive figures from Apple and Caterpillar.
Optimism that equities would post a second day of gains this week on strong earnings fizzled out when data on new residential construction showed a smaller- than-expected rise in September and the producer price index unexpectedly dropped during the month.
