US STOCKS-Dow closes positive for year as commodities rally, dollar dives

jueves 17 de marzo de 2016 16:49 GYT

* 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...