<p>The Dow surged above 35,000 for the first time Monday, extending a run of records as investors pumped funds into industrial companies expected to benefit from the US economic recovery.</p>.<p>Near 8.55 am, the Dow Jones Industrial Average was up 0.9 per cent at 35,083.10. The blue-chip index has closed at records the last three sessions.</p>.<p>The broad-based S&P 500 was flat at 4,232.36, while the tech-rich Nasdaq Composite Index fell 1.6 per cent to 13,547.88.</p>.<p>Major gainers included Caterpillar, Honeywell International and Procter & Gamble, which are benefiting from an investor rotation out of technology shares.</p>.<p>Both the Dow and S&P 500 closed at records Friday following a disappointing April jobs report that bolstered expectations the Federal Reserve will keep interest rates low for a long period of time to support the economic recovery.</p>.<p>"Concerns about the Fed reining in its highly-accommodative monetary policy has roiled the markets recently, but Friday's surprisingly severe miss in April job growth seemed to ease some of the uneasiness," Charles Schwab investment bank said in a note.</p>.<p>In addition to data on consumer prices and retail sales, this week's calendar also includes a report on producer prices. Numerous consumer and manufacturing companies highlighted rising prices as a challenge in their recent batch of earnings reports.</p>
<p>The Dow surged above 35,000 for the first time Monday, extending a run of records as investors pumped funds into industrial companies expected to benefit from the US economic recovery.</p>.<p>Near 8.55 am, the Dow Jones Industrial Average was up 0.9 per cent at 35,083.10. The blue-chip index has closed at records the last three sessions.</p>.<p>The broad-based S&P 500 was flat at 4,232.36, while the tech-rich Nasdaq Composite Index fell 1.6 per cent to 13,547.88.</p>.<p>Major gainers included Caterpillar, Honeywell International and Procter & Gamble, which are benefiting from an investor rotation out of technology shares.</p>.<p>Both the Dow and S&P 500 closed at records Friday following a disappointing April jobs report that bolstered expectations the Federal Reserve will keep interest rates low for a long period of time to support the economic recovery.</p>.<p>"Concerns about the Fed reining in its highly-accommodative monetary policy has roiled the markets recently, but Friday's surprisingly severe miss in April job growth seemed to ease some of the uneasiness," Charles Schwab investment bank said in a note.</p>.<p>In addition to data on consumer prices and retail sales, this week's calendar also includes a report on producer prices. Numerous consumer and manufacturing companies highlighted rising prices as a challenge in their recent batch of earnings reports.</p>