US STOCKS-Wall St resumes decline as dollar hits 12-year high

viernes 13 de marzo de 2015 16:30 GYT

* S&P falls for third straight week

* Crude oil weaker again, pressuring energy shares

* Indexes down: Dow 0.8 pct, S&P 0.6 pct, Nasdaq 0.4 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, March 13 (Reuters) - U.S. stocks fell on Friday and the Dow and S&P 500 registered a third week of losses as the dollar resumed its climb, adding to worries about the impact on U.S. multinationals' earnings.

Major indexes ended off the day's lows, however, as traders took some profits on short positions ahead of the weekend, analysts said.

The dollar hit a fresh 12-year high against the euro on Friday as dollar-buying momentum overcame soft U.S. economic data that would normally weaken it.

"The stronger dollar, the continued hammering of the euro, equals continued lower equity prices ahead of the Fed comments next week," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

After increased market volatility this week, investors are hopeful next week's Federal Reserve meeting will provide further insight into when the first rate increase will come.   Continuación...