According to the reports, U. S. markets turned lower in late trading, closing mixed after China released inflation figures that indicate the government may choose to slow growth.

Bill Quinn, chairman of American Beacon Advisors told The Wall Street Journal that with real estate prices up 12.8 percent in April, "it's inevitable that they've got to tighten a little more to keep their economy in line."

The Dow Jones industrial average, by close, lost 36.88 points or 0.34 percent to 10,748.26. The Standard & Poor's 500 index lost 3.94 or 0.34 percent to 1,155.79. The Nasdaq composite index rose 0.64 or 0.03 percent to 2,375.31.

Dow component Intel, up early, dropped 1.2 percent. American Express closed up 0.56 percent. Entertainment giant Walt Disney gained 1.33 percent.

1,706 stocks advanced and 1,355 declined on a volume of 5.8 billion shares traded, on the New York Stock Exchange.

It was also reported that the benchmark 10-year Treasury rose by 1/32 to yield 3.537 percent.

From Monday's $1.2788, the euro fell to $1.2686. The dollar, against the yen, fell to 92.70 yen from Monday's 93.25 yen. (With Inputs from Agencies)