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Wall Street jumps 1 percent as U.S. dollar weakens

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks rallied 1 percent on Monday as the U.S. dollar eased back from its recent rally and worries softened about the timing of a Federal Reserve interest rate hike.

The Dow Jones industrial average <.DJI> rose 224.58 points, or 1.27 percent, to 17,973.89, the S&P 500 <.SPX> gained 27.55 points, or 1.34 percent, to 2,080.95 and the Nasdaq Composite <.IXIC> added 57.75 points, or 1.19 percent, to 4,929.51.

(Reporting by Ryan Vlastelica; Editing by Nick Zieminski)

 

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First Published: Mar 17 2015 | 1:34 AM IST

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