Stocks tumbled again in New York under the burden of higher interest rates, but investors found an added catalyst for a sell-off: scattered warnings of weakness in second-quarter earnings.

At the close of trading on Wall Street, the Dow Jones Industrial Average was down 132.03 - 1.3 per cent - at 10,534.83, the fourth straight decline for the blue-chip index. Broader stock indicators also fell.

Declining issues outnumbered advancers by a two-to-one margin on the New York Stock Exchange, with 1,988 down, 953 up and 589 unchanged. NYSE volume totalled a listless 691.00 million shares, against 723.43 million in the previous session. The NYSE composite index dropped 6.78 to 623.97, and the American Stock Exchange composite index fell 2.01 to 769.15. The Russell 2000 index of smaller companies fell 3.87 to 443.17.