US stock indices fell on Tuesday as US treasury yields continued to rise, while investors analyze latest corporate earnings results.

US 10-year treasury yields rose by 12 basis points to a three-month high yesterday.

It came as several Fed officials and analysts warned from a renewed spike in inflation, which could impede efforts to cut US rates.

In an official statement today, the International Monetary Fund said the world has won the fight against inflation, which should reflect positively on the economy.

The IMF expects inflation to decline to 3.5% y/y by the end of 2025, far below the 9.4% rate hit in the 2022 peak.

The IMF maintained its forecasts for global economic growth at 3.2% in 2023, but reduced it to 3.2% in 2025.

On trading, Dow Jones fell 0.1%, or 58 points to 42,875 points, while SP 500 shed 0.3% to 5836, as NASDAQ slipped 0.3% to 18487 points.