News Summary: Dow rises, breaking losing streak

AP News
Posted: May 10, 2012 4:57 PM
News Summary: Dow rises, breaking losing streak

DOW UP: After six down days in a row, the Dow Jones industrial average close higher by 20 points. The Nasdaq still posted a tiny decline after Cisco said sales would be weaker than expected.

THE STORY SO FAR: Even with recent declines, the Dow is still up by 5.2 percent this year. The Standard & Poor's 500 index is up almost 8 percent for the year.

WHAT'S NEXT: On Friday, the Spanish government will reveal details of its plan to shore up its banking sector, which will be closely watch because of its implications for potential bailouts there and elsewhere in Europe. The U.S. Labor Department releases the producer price index for April.