Mumbai, June 12 -- The tech-heavy Nasdaq fell 99.11 points or 0.5 percent to 19,615.88, the S&P 500 dipped 16.57 points or 0.3 percent to 6,022.24 and the Dow edged down 1.10 points or less than a tenth of a percent to 42,865.77.

The early strength in the markets came following the release of a closely watched Labor Department report showing U.S. consumer prices increased by slightly less than expected in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. The report said the annual rate of consumer price growth accelerated to 2.4 percent in May from 2.3 percent in April. Excluding food and energy prices, core consumer prices still crept up by 0.1 perc...