According to RTHK, U.S. stocks closed lower on Tuesday, with the Dow Jones Industrial Average dropping 0.3% to 52,231, the S&P 500 falling 0.4% to 7,520, and the Nasdaq Composite declining 0.7% to 25,065. The report attributed the market movement to the U.S. October CPI rising 0.4% month-on-month—above expectations of 0.3%—as well as growing expectations for interest rate hikes.