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Dow's 6th straight win; best since 9-session stretch in

Dec

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Uber ( UBER ) falls on weak Q2 gross bookings forecast

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Intel ( INTC ) down after Q2 revenue warning

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Utilities index up for 14th session in last 16

(Updates to close)

By David French

May 8 (Reuters) - The Dow Jones Industrial Average

closed higher on Wednesday, stretching its winning streak to six

straight, as investors kept betting on supportive U.S. monetary

policy.

The other Wall Street benchmarks cooled a touch as momentum

stalled and U.S. Treasury yields rose on the day of a 10-year

notes auction. The S&P 500 ended essentially flat after four

sessions of gains, and the Nasdaq Composite slipped to a second

consecutive decline.

There was not much news to move the indexes, outside of

reports from individual companies.

"We're just waiting for the next catalyst to jump-start

the direction in the market, and we're probably going to get

that next week," said Ameriprise Chief Market Strategist Anthony

Saglimbene. The Producer Price Index (PPI) is due on May 14, and

the Consumer Price Index (CPI) scheduled for May 15.

"I think traders are reluctant to take broader stocks or

broader averages higher, until they get a fresh update on

inflation," he added.

The S&P 500 has leveled off close to the 5,200 mark,

which is last closed above on April 9. On Wednesday, it was

hampered by sliding shares of Uber ( UBER ) which posted a

surprise quarterly loss and issued a downbeat forecast.

The ride-hailing platform was among the S&P 500's biggest

decliners, after it forecast second-quarter gross bookings would

not meet expectations.

Tesla fell after Reuters reported U.S. prosecutors

were examining whether the company committed securities or wire

fraud by misleading investors and consumers about its electric

vehicles' self-driving capabilities.

Other megacap stocks such as Amazon ( AMZN ) and Alphabet

slipped as the 10-year Treasury yield

edged up.

Rising yields helped dampen optimism spurred by a positive

earnings season and softer-than-expected labor market data last

week that had tempered concerns about the Federal Reserve

keeping interest rates higher for longer.

Traders are pricing in a 67% chance of the Fed cutting rates

by at least 25 basis points in September, according to the

CMEGroup's Fedwatch tool, up from about 54% a week ago.

Fed policymakers who spoke on Wednesday stayed consistent to

recent messaging, including at the U.S. central bank's policy

meeting last week.

Boston President Susan Collins said the current setting of

monetary policy will slow the economy in the way she believes

will be necessary to get inflation back to the Fed's 2% target.

According to preliminary data, the S&P 500 lost 0.09

points, or 0.00%, to end at 5,187.61 points, while the Nasdaq

Composite lost 29.80 points, or 0.18%, to 16,302.76. The

Dow Jones Industrial Average rose 172.45 points, or

0.44%, to 39,056.71.

Among S&P sectors, utilities finished higher for

the 14th time in 16 sessions, boosted as Vistra Corp ( VST )

jumped after reporting strong earnings.

Among the heaviest declines were real estate

and consumer discretionary.

Intel ( INTC ) fell after warning of a sales hit from the

U.S. revoking some of the chipmaker's export licenses for China.

Tripadvisor ( TRIP ) tumbled after the online travel agency

ruled out a possible sale at this time and posted a surprise

quarterly loss.

Uber ( UBER ) rival Lyft ( LYFT ) climbed after projecting

higher-than-expected gross bookings and a core profit for the

current quarter.