US stocks slipped Tuesday, as the dollar strengthened on expectations that the Federal Reserve was moving closer to raising interest rates. The Dow Jones Industrial Average fell 48.69 points, or 0.3%, to 18454.30. 

    The S&P 500 declined 4.26 points, or 0.2%, to 2176.12, weighed down by utilities shares, which have benefited this year from expectations that interest rates will stay low. The Nasdaq Composite fell 9.34 points, or 0.2%, to 5222.99. 

    Elsewhere, the Stoxx Europe 600 added 0.5%, lifted by banking shares. The banking subindex rose 1.8% Tuesday but remains down more than 22% this year.

    Stocks in Asia mostly rose Tuesday, with Australia’s S&P/ASX 200 up 0.2% and Hong Kong’s Hang Seng Index climbing 0.9%. Japan’s Nikkei Stock Average ended down 0.1% as a batch of mixed economic data weighed on local shares.