Dow Breaks Four-Day Losing Streak

Business

0  Updated at 3:02 pm, June 5th, 2012 By: ABC Digital
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Hemera/Thinkstock(NEW YORK) — The Dow snapped a four-day losing streak, closing up 25 points Tuesday. The Nasdaq gained 18 points, and the S&P added 10 for the session.
 
On Tuesday, stocks spent most of the session volleying between slight gains and losses. The Dow rose mainly due to increases in the service sector.

The nation’s service sector expanded at a slightly faster pace in May, marking the 29th straight month that’s happened.  The Institute for Supply Management isn’t surprised. Service sector employes make up about 90 percent of the nation’s work force.

European markets were mixed as the euro edged lower against the dollar. Finance ministers and central bank presidents from the world’s seven wealthiest nations held an emergency conference call to discuss how Europe can heal its weakest countries without alienating the stronger ones.
 
Copyright 2012 ABC News Radio



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