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

A Flip by Flipitnews
Get it on Google Play
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.

More great flips

Tesla to spend over $500 million on charger network this year

Tesla to spend over $500 million on charger network this year

Tesla plans to spend more than $500 million to expand its electric-vehicle charging network this year, Chief Executive Elon Musk said, days after the carmaker laid off much of the team responsible for creating the largest such network in the U.S. Tesla plans to spend more than $500 million to expand its electric-vehicle charging network this year, Chief Executive Elon Musk said.

Open Flip
Zerodha's Nithin Kamath hails SEBI's proposal of direct payout of security

Zerodha's Nithin Kamath hails SEBI's proposal of direct payout of security

To enhance operational efficiency and reduce the risk to clients' securities, markets regulator Sebi on Thursday proposed making the process of direct payout of such securities to the client's account mandatory. Currently, the clearing corporation credits the pay-out of securities in the pool account of the broker, who then credits the same to the respective client's demat accounts.

Open Flip
Nexus Select Trust open to acquiring more top malls after  ₹1,000-crore

Nexus Select Trust open to acquiring more top malls after ₹1,000-crore

Mumbai: Nexus Select Trust, a retail real estate investment trust (REIT) backed by Blackstone, said it was open to acquiring more top-tier malls in India after announcing plans to buy three grade-A malls in Hyderabad for ₹1,000 crore. The three malls will be acquired from Larsen and Toubro (L&T), a person aware of the development told Mint.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon