US STOCKS-Wall St bounces as dollar drops, Fed worries ease
* Energy shares up despite oil price fall
* Utilities lead day's gain
* Indexes up: Dow 1.29 pct, S&P 1.35 pct, Nasdaq 1.19 pct (Updates to close)
By Caroline Valetkevitch
March 16 (Reuters) - U.S. stocks rallied on Monday as the U.S. dollar eased back from its recent peak and worries eased about the timing of a Federal Reserve interest rate hike.
Recent dollar strength has increased expectations the Fed could be more cautious about raising rates this year.
The day's gains gave the S&P 500 its biggest percentage gain since Feb. 3, with the S&P utilities, which tend to do well in a low interest rate environment, among the day's best-performing sectors. The utilities sector rose 1.7 percent.
The S&P healthcare sector led gains in the S&P 500. It jumped 2.2 percent, helped by a 5.7 percent price increase in shares of Amgen to $163.03, following promising data in studies of a new class of cholesterol-reducing drugs.
All eyes will be on the Fed's statement Wednesday, when investors hope the central bank will give a clearer signal on the timing of its first interest rate hike in almost a decade. Continuación...