Tuesday's afternoon trade: market falls

US stocks fell on Tuesday after disappointing results from Dow component Procter & Gamble and weak economic data, but a bullish profit and outlook from Pfizer, the world's largest drugmaker, helped limit losses. Procter & Gamble Co fell 3.7 percent to $59.78 and was the top drag on the Dow after the consumer goods maker reported fourth-quarter earnings that missed expectations.
But Pfizer Inc posted higher-than-expected profit and stood by its longer-term forecast, sending the stock up 5.5 percent to $16.33. The Dow Jones industrial average was down 39.06 points, or 0.37 percent, at 10,635.32. The Standard & Poor's 500 Index was down 5.89 points, or 0.52 percent, at 1,119.97. The Nasdaq Composite Index was down 11.45 points, or 0.50 percent, at 2,283.91.