Stocks edge higher after 4-week losing streak

0
11

NEW YORK (AP) — Stocks are edging higher following a four-week losing streak.

The Dow Jones industrial average is up 23 points, or 0.2 percent, to 10,844 in midday trading Monday. It had been up as many as 203 points. The Dow fell 4 percent last week as worries deepened that the U.S. could slip into a recession.

The S&P 500 rose less than a point to 1,124. The Nasdaq was up less than a point at 2,342.

Stocks have been swinging wildly over the past two weeks after a downgrade of the U.S. government’s credit rating and new signs of economic weakness led investors to dump risky assets. So far in August the Dow has had eight days with moves of more than 200 points.

No major economic reports are due out Monday.