Dow Jones scales record high as materials, energy stocks gains
Mon, May 10, 2021 9:20 PM

Dow Jones scales record high as materials, energy stocks gains

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The Dow Jones Industrial Average climbed a record high on Monday on anticipation that interest rates would remain lower for longer. The materials sector added 1.3%, while the energy index jumped to a more than one-year peak after a cyber attack on top U.S. pipeline operator Colonial Pipeline shuttered a fuel network that transports nearly half of the East Coast's supplies, thus lifting oil prices.

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