Wall Street bounces as dollar drops, Fed worries ease

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. All eyes will