US STOCKS-Wall St resumes fall as dollar hits 12-year high
* Dow, S&P fall for third straight week
* Materials, utilities lead S&P 500's decline
* Indexes down: Dow 0.8 pct, S&P 0.6 pct, Nasdaq 0.4 pct (Updates close with volume, sector details)
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 its 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 the greenback.
"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 interest rate increase will come. Continuación...