Wall Street rebounds on energy, bets on dollar

NEW YORK (Reuters) - Stocks jumped to session highs on Friday, recovering from an earlier drop, as investors snapped up energy shares and stocks of companies benefiting from a weaker dollar.

Exxon Mobil Corp , up 1.6 percent to $69.51, was the top boost to the Dow. Another standout was McDonald's Corp , gaining nearly 2 percent to $56.69.

A weaker dollar makes some U.S. assets more appealing to some investors.

Shares of Sears Holdings Corp

The Dow Jones industrial average <.DJI> gained 55.12 points, or 0.66 percent, to 8,347.25. The Standard & Poor's 500 Index <.SPX> rose 5.41 points, or 0.61 percent, to 893.74. The Nasdaq Composite Index <.IXIC> added 7.04 points, or 0.42 percent, to 1,702.29.

Earlier Friday the dollar hit its lowest level this year.

(Reporting by Ellis Mnyandu; editing by Jeffrey Benkoe)