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.
"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."
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