US STOCKS-Dow hits record high on boost from economy-linked stocks; Nasdaq drops

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* Energy stocks rise on U.S. fuel supply disruption fears
* FireEye gains in wake of cyber attack on Colonial Pipeline
* Tech-related stocks slide
* Indexes: Dow up 0.86%, S&P flat, Nasdaq down 1.50%

(Adds comment, details; updates prices)
By Medha Singh and Sruthi Shankar
May 10 (Reuters) - The Dow Jones Industrial Average hit a
record high on Monday on hopes that interest rates would remain
lower for longer, while the S&P 500 was subdued as a slide in
technology shares offset a surge in commodity-linked energy and
material stocks.
The Nasdaq, on the contrary, dropped 1.5% as some of the
market leaders of 2020 - Apple Inc AAPL.O , Amazon.com Inc
AMZN.O , Facebook Inc FB.O and Tesla Inc TSLA.O - fell
between 1.4% and 4%.
The materials sector .SPLRCM hit a record high as miners
and makers of steel products gained after gold, copper and
aluminum scaled new peaks. MET/L
The energy index .SPNY jumped to its highest in more than
one year 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. O/R
The S&P 500 and the Dow ended at record closing highs on
Friday as an unexpected slowdown in monthly jobs growth fueled
bets that the U.S. Federal Reserve would remain accommodative
for longer.
With latest economic reports depicting that the U.S. economy
is not recovering at the explosive pace as previously forecast,
inflation numbers and retail sales data this week could chart
the next course for U.S. equities.
"Inflation data is pretty important from a market leadership
perspective," said Keith Parker, head of U.S. and global equity
strategy at UBS.
"The number should come in strong, and probably contribute
to another leg in the reflation value rotation."
Breakeven rates on inflation on five-year and 10-year U.S.
Treasury Inflation-Protected Securities (TIPS), a proxy to
inflation expectations, roared to their highest since 2011 and
2013 respectively. US/
The Russell 1000 value index .RLV , which includes
economically sensitive financials and energy stocks, added 0.9%,
while its tech-heavy growth counterpart .RLG shed 1.1%.
At 11:32 a.m. ET, the Dow Jones Industrial Average .DJI
was up 299.59 points, or 0.86%, at 35,077.35, rising for the
seventh straight session, while the S&P 500 .SPX was down 0.39
points, or 0.01%, at 4,232.21 and the Nasdaq Composite .IXIC
was down 205.65 points, or 1.50%, at 13,546.59.
Economy-linked financials .SPNY , industrials .SPLRCI and
healthcare .SPXHC hit fresh peaks and provided the biggest
boost to the S&P 500.
Technology .SPLRCT , communication services .SPLRCL and
consumer discretionary .SPLRCD that house megacap
technology-related stocks were the only S&P sectors in the red.
The NYSE FANG+TM index .NYFANG and Philadelphia
semiconductor index declined nearly 3% each.
The Dow transports .DJT , considered a barometer of
economic health, added about 1.2%.
Cybersecurity firm FireEye FEYE.O rose 4.8% as industry
sources said the company was among those helping Colonial
Pipeline to recover from one of the most disruptive digital
ransom schemes reported. Tyson Foods Inc TSN.N dropped 2% after the U.S. meat
processor warned rising costs would start to hit profits.

Advancing issues outnumbered decliners by a 1.36-to-1 ratio
on the NYSE. Declining issues outnumbered advancers for a
1.68-to-1 ratio on the Nasdaq.
The S&P index recorded 214 new 52-week highs and no new low,
while the Nasdaq recorded 189 new highs and 110 new lows.