U.S. dollar ticks up

The U.S. dollar increased in late trading on Tuesday.

The dollar index, which measures the greenback against six major peers, gained 0.14 percent to 99.326 at 3 p.m. (1900 GMT).

In late New York trading, the euro was down to 1.1604 dollars from 1.1637 dollars in the previous session, and the British pound fell to 1.3397 dollars from 1.3411 dollars in the previous session.

The U.S. dollar bought 159.06 Japanese yen, higher than 159.01 Japanese yen of the previous session. The U.S. dollar rose to 0.7892 Swiss francs from 0.7856 Swiss francs, and it climbed to 1.3750 Canadian dollars from 1.3749 Canadian dollars. The U.S. dollar decreased to 9.4055 Swedish kronor from 9.4093 Swedish kronor.

U.S. stocks ended lower on Tuesday as climbing U.S. Treasury yields continued to weigh on investor sentiment.

The Dow Jones Industrial Average dropped 322.24 points, or 0.65 percent, to 49,363.88. The The Standard and Poor's 500 sank 49.44 points, or 0.67 percent, to 7,353.61, and the tech-heavy Nasdaq Composite Index shed 220.03 points, or 0.84 percent, to close at 25,870.71.

A primary source of downward pressure came from the fixed-income market. The yield on the benchmark 10-year U.S. Treasury note climbed back above 4.6 percent, while the 30-year Treasury yield nearly touched 5.2 percent, marking its highest level in nearly 19 years.

The high-yield environment acted as a drag on high-valuation growth sectors, which are particularly sensitive to elevated interest rates. Six of the 11 primary The Standard and Poor's 500 sectors closed in negative territory, with materials and communication services leading the declines by dropping 2.27 percent and 1.58 percent, respectively. In contrast, the healthcare sector gained 1.09 percent and the energy sector advanced 1.03 percent.