Thursday 17 March 2016

Dow closes positive for year as commodities rally, dollar dives

Epic Research Update : US MarketsDow closes positive for year as commodities rally, dollar dives Wall Street 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 US dollar to boost shares in the energy and materials sectors. The Dow’s move into positive territory came a day after the US Federal Reserve took a dovish stance that weighed on the dollar.

The Dow Jones industrial average closed up 155.73 points, or 0.9 percent, at 17,481.49. The S&P 500 gained 13.37 points, or 0.66 percent, to 2,040.59 and the Nasdaq Composite added 11.02 points, or 0.23 percent, to 4,774.99.

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