US STOCKS-Wall St headed towards end of five-week rally on dollar strength

jueves 24 de marzo de 2016 15:43 GYT

* Crude prices fall on strong dollar, stockpile build

* Wells Fargo down after UBS starts coverage with sell

* Indexes: Dow down 0.01 pct, S&P down 0.12 pct, Nasdaq up 0.02 pct (Updates to afternoon)

By Laila Kearney

NEW YORK, March 24 (Reuters) - Wall Street stocks were mostly slightly lower on Thursday as dollar strength damaged oil and commodity share prices and financials weakened, threatening to end the S&P 500's five-week winning streak.

"After the run that we've had... I think it's natural for folks to take a deep breath and take some chips off the table," said Jeff Buetow, President and BFRC Services in Charlottesville, Virginia.

Stocks began to dip this week after a series of comments by U.S. Federal Reserve officials, who raised expectations for more interest rate hikes in the coming months than investors expected.

St. Louis Fed President James Bullard was the latest to join a chorus of officials who highlighted the chance of at least two rate rises this year, with his remarks on Thursday.

The possibility of more interest rate hikes pushed the dollar towards a 5th day of gains, its best run since April. Oil and materials sectors, which rise on a weakened dollar, dropped.   Continuación...