US STOCKS-Wall St climbs as dollar drop eases worry over earnings impact
* Empire State manufacturing data miss estimates
* Homebuilder sentiment falls but builders optimistic
* Indexes up: Dow 0.92 pct, S&P 0.88 pct, Nasdaq 0.76 pct (Updates to mid-morning, adds comments)
By Sinead Carew
March 16 (Reuters) - U.S. stocks rose on Monday, with the benchmark S&P 500 rebounding after three weeks of losses, as a stronger euro against the U.S. dollar reassured investors who had worried over the impact of a robust dollar on mutinationals' earnings.
Investors were cautious ahead of a U.S. Federal Reserve statement due on Wednesday, when they expect the central bank to give a clearer signal on the timing of its first interest rate hike in almost a decade.
The S&P 500 has fallen 2.7 percent in the last three weeks, including a 0.9 percent drop last week. The Dow lost 0.6 percent last week while the Nasdaq declined 1.1 percent.
"It's just a little bit of relief from last week's selloff," said Joseph Benanti, managing director, sales and trading of Rosenblatt Securities in New York.
Until Fed Chair Janet Yellen's statement on Wednesday afternoon, Benanti is expecting light volume. Continuación...