Stocks Slip, Dollar up as Data Challenges Fed Pause Hopes

Stocks Slip, Dollar up as Data Challenges Fed Pause Hopes
A Thai investor walks past an electronic board displaying live market data at a stock broker's office in central Bangkok on Aug. 9, 2011. Chaiwat Subprasom/Reuters
|Updated:

SINGAPORE/LONDON—Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises.

MSCI’s world index fell 0.3 percent, led by tech stocks which are often more sensitive to broader shifts in sentiment.