US STOCKS-S&P 500 ends at record high as dollar loses ground
* Dollar falls to a near 4-month low
* S&P tops April record; Dow rallies but ends shy of new high
* Avon spikes on purported offer; company denies receiving offer
* Indexes end higher: Dow 1.1 pct, S&P 1.1 pct, Nasdaq 1.4 pct (Updates to close, adds comment)
By Noel Randewich
May 14 (Reuters) - U.S. stocks ended sharply stronger on Thursday and the S&P 500 closed at a record high as investors worried less about interest rates and a weaker dollar offered the possibility of stronger sales for U.S. multinationals.
The S&P 500 gained 22.62 points, or 1.08 percent, to end at 2,121.1, exceeding its previous all-time high close of 2,117.69 on April 24. The Nasdaq Composite had its strongest day since January.
After oscillating in what many investors view as a range for much of the past three months, the S&P's gain in 2015 now stands at 3 percent.
The dollar moved to its lowest since January against a basket of currencies of major U.S. trading partners - good news for companies that have large foreign sales. Continuación...