Trader's Highlight

DJI-NEW YORK, Aug 3 (Reuters) - U.S. stocks slipped on Tuesday as Dow component Procter & Gamble Co.'s lackluster results, coupled with weaker-than-estimated data on consumer spending and housing, prompted investors to exercise caution a day after the market's 2 percent rally.

P&G dropped 3.4 percent to $59.94, ranking as the top drag on the Dow industrials after the consumer goods maker reported fourth-quarter earnings that missed expectations.

The Dow Jones industrial average <.DJI> dropped 38.00 points, or 0.36 percent, to 10,636.38. The Standard & Poor's 500 Index <.SPX> shed 5.40 points, or 0.48 percent, to 1,120.46. The Nasdaq Composite Index <.IXIC> lost 11.84 points, or 0.52 percent, to 2,283.52.

NYMEX-NEW YORK, Aug 3 (Reuters) - U.S. crude oil futures rose 1.49 percent to settle at a three-month high above $82 a barrel on Tuesday, up a fourth straight session as the dollar weakened broadly and offset disappointing economic data.

Buy stops triggered by crude's push above $82 also supported oil as the market awaited weekly inventory data expected to show U.S. crude stockpiles fell last week.

On the New York Mercantile Exchange, September crude rose $1.21 to settle at $82.55 a barrel, the highest close since the $82.74 settlement on May 5.

CBOT-CHICAGO, Aug 3 (Reuters) - Chicago Board of Trade grain and soy complex close on Tuesday.

CBOT-SOYBEANS - August up 1/4 cent at $10.53-1/2 per bushel; new-crop November up 8 at $10.18. Turned higher on technical buying, another sale of U.S. soy to China and hot weather in the U.S. Delta that posed a threat to soy yields there. Rally capped by spillover weakness from wheat, increased farmer hedge selling and overall good crop weather in the U.S. Midwest.

CBOT-SOYOIL - August up 0.51 cent at 40.95 cents per lb. Gaining against soymeal on oil/meal spreads. Firm tone in crude oil lends support.

FCPO-KUALA LUMPUR, Aug 3 (Reuters) - Malaysia crude palm oil futures settled down 0.31 percent on Tuesday, slipping off three-and-a-half month highs of the previous day as investors who had bet on a weather-driven rally closed their positions.

Palm oil has clawed back some of its losses so far this year due to mounting concerns about the effect of dry weather on rival soy crops in the U.S. and European rapeseed and to heavy rains that disrupted palm oil production.

The benchmark October contract on Bursa Malaysia Derivatives Exchange closed down 8 ringgit or 0.31 percent at 2,562 ringgit ($811) per tonne. The previous day, the market hit a level of 2,583 ringgit, a level unseen since April 9. Overall traded volume rose to 17,244 lots of 25 tonnes each, compared with the usual 10,000 lots.

FCPO-BANGKOK, Aug 3 (Reuters) - Indonesia's stock market fell nearly 3 percent to a two-week low on Tuesday, retreating from a recent record high as higher-than-expected inflation for July raised fears of an interest rate rise, sparking profit-taking.

The central bank has said it would not raise rates this year but investors are worried it may be obliged to do so after annual inflation hit a 15-month high in July, going above the central bank's target for the end of the year.

Singapore <.FTSTI> lost 0.3 percent, reversing early gains to a 2010 high despite healthy corporate earnings and confidence the economy would be supported over the rest of the year.

Gaming group Genting Singapore dropped 3.1 percent dut to profit-taking, said a Singapore-based analyst. "The speculation is that the company may consider a share placing in the near future and investors are selling the shares."

Malaysia <.KLSE> was flat, coming off a 2-1/2-year intraday peak, Thailand <.SETI> edged up 0.15 percent, climbing at one point to a 26-month intraday high and Vietnam <.VNI> was unchanged, but the Philippines <.PSI> rose 0.8 percent to its highest in 32 months.