US STOCKS-Dow closes positive for year as commodities rally, dollar dives
* Dow now positive for the year; S&P 500 closes just short
* Oil prices hit 2016 highs above $40/barrel
* Indexes up: Dow 0.9 pct, S&P 0.66 pct, Nasdaq 0.23 pct (Updates to close)
By Laila Kearney
NEW YORK, March 17 (Reuters) - Wall St moved higher on Thursday, pushing the Dow Jones industrial average into positive territory for the year, as commodity prices rose on the back of a weaker U.S. dollar to boost shares in the energy and materials sectors.
The Dow's move into positive territory came a day after the U.S. Federal Reserve took a dovish stance that weighed on the dollar.
"It was a weak dollar rally," said John Augustine, chief investment officer at Huntington National Bank. "It took up groups associated with a weaker dollar."
The top performing sectors in the S&P 500 were materials, industrials and energy.
The rally was a "continued reaction from the Fed's move," said David Lefkowitz, senior equities analyst at UBS Americas Wealth Management in New York. Continuación...