Dollar rises, backed by U.S. data; Global stock, oil rallies fade

By Lewis KrauskopfNEW YORK (Reuters) – The U.S. dollar jumped on Friday and Wall Street’s stock rally faded as fresh economic data kept alive Federal Reserve rate increases, while oil prices turned negative late in the session. Wall Street shares were little changed in afternoon trading, underperforming a 1.6-percent rise for Europe’s FTSEurofirst 300 stock index <.FTEU3>. European equities were fuelled by strength in mining shares as industrial metals such as copperand a