US: Dow hits all-time highs as materials, energy stocks rise

[BENGALURU] The Dow Jones Industrials hit a record high on Monday on optimism that interest rates would remain lower for longer, while a surge in commodity prices lifted shares of miners, energy and steel companies.

The Dow Jones Industrial Average rose 7.5 points or 0.02 per cent at the open to 34785.27. The S&P 500 fell 4.3 points or 0.10 per cent at the open to 4228.29, while the Nasdaq Composite dropped 64.6 points or 0.47 per cent to 13687.595 at the opening bell.

REUTERS