The Joplin Globe, Joplin, MO

Business

May 10, 2012

Dow breaks 6-day losing streak, barely

NEW YORK — The Dow Jones industrial average has broken a six-day losing streak. The Dow notched a small gain after the government released better unemployment numbers.

The Dow rose 20 points to close at 12,855. Earlier in the day it had risen as much as 97 points. The Standard & Poor’s 500 index rose three points to close at 1,358.

Tech stocks closed slightly lower. The Nasdaq composite index fell a point to close at 2,934. Networking gear maker Cisco Systems plunged more than 10 percent after warning that technology spending appears to be slowing down.

Advancing stocks outnumbered decliners 3-to-2. Volume was light at 3.6 billion shares.

European stocks rose because of signs that then Spanish government will help its banking sector. That boosted financial stocks in the U.S., too.

 

1
Text Only
Business
Poll

A new provision by the U.S. Department of Agriculture allows qualifying districts with high percentages of students on food assistance to allow all students to eat free breakfasts and lunches. Would you agree with this provision?

Yes
No
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Traditional African Dishes Teach Healthy Eating The Carbon Trap: US Exports Global Warming 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp