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
Raw: Air Algerie Flight 5017 Wreckage Virginia Governor Tours Tornado Aftermath Judge Faces Heat Over Offer to Help Migrant Kids Kerry: No Deal Yet on 7-Day Gaza Truce Kangaroo Goes Missing in Oklahoma More M17 Bodies Return, Sanctions on Russia Grow Gaza Residents Mourn Dead Amid Airstrikes Raw: Deadly Tornado Hits Virginia Campground Ohio State Marching Band Chief Fired After Probe Raw: Big Rig Stuck in Illinois Swamp Cumberbatch Brings 'Penguins' to Comic-Con Raw: Air Algerie Crash Site in Mali Power to Be Restored After Wash. Wildfire Crashed Air Algerie Plane Found in Mali Israel Mulls Ceasefire Amid Gaza Offensive In Case of Fire, Oxygen Masks for Pets Mobile App Gives Tour of Battle of Atlanta Sites