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The Dow is now positive for the year

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After one of the worst starts to the year on record, the Dow Jones Industrial Average is now in positive territory for the year after moving up 0.7 percent on Thursday.

Positive economic data as well as a decision by the Federal Reserve to keep interest rates on hold at its meeting this week have helped boost the index and riskier assets, including crude oil, with West Texas Intermediate now above $40 a barrel.

The S&P 500 is also just 0.5 percent away from turning positive for 2016, though the Nasdaq Composite is still 5 percent in the red for the year.