Dow edges higher, breaking an 8-day losing streak

The Dow closed 30 points up, the S&P 500 gained 6 points, and the Nasdaq finished the day 24 points higher, after a day of ups and downs

Jin Lee / AP
Traders work on the floor of the New York Stock Exchange on Wednesday, Aug. 3, 2011, in New York. Markets finished the day higher for the first time in eight days.

U.S. stocks are finishing higher after a volatile day on Wall Street.

The Dow Jones industrial average finished with its first gain after eight straight days of losses Wednesday.

Many investors expect to see more big swings in the stock market as worries about the economy increase. The Institute of Supply Management said the U.S. service sector isn't growing as quickly as Wall Street predicted.

The Dow is closing with a gain of 30, or 0.3 percent, to 11,896. The S&P 500 is up 6, or 0.5 percent, to 1,260. The Nasdaq composite is up 24, or 0.9 percent, to 2,693.

Three stocks rose for every two that fell on the New York Stock Exchange. Volume was higher than usual at 5.7 billion shares.

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