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Dow eyes 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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Indexes: S&P 500 down 0.05%, Nasdaq off 0.24%, Dow up 0.3%

(Updated to 1800 GMT/1400 Eastern time)

By Shristi Achar A and David French

May 8 (Reuters) - The Dow Jones Industrial Average

tracked higher on Wednesday, on course for its sixth straight

session of gains 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 after the latest

10-year notes auction.

The benchmark S&P 500 was set to snap a four-session

winning run, pressured by sliding shares of

Uber ( UBER ) which posted a surprise quarterly loss and

issued a downbeat forecast.

The ride-hailing platform's shares shed 8.7%, the S&P 500's

biggest decliner, after it forecast second-quarter gross

bookings would not meet expectations.

Tesla fell 1.9% 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 Nvidia ( NVDA ), Amazon ( AMZN )

and Alphabet slipped as the 10-year Treasury

yield edged up.

Rising yields dampened optimism spurred by a positive

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

had tempered concerns about the Federal Reserve keeping interest

rates higher for longer.

"We've had a lot of data that has come in soft,

unexpectedly, and that's fueled a bit of fire towards

potentially a September rate cut," said Alex McGrath, chief

investment officer for NorthEnd Private Wealth.

"The bigger question becomes what the Fed is going to do

when the macro data starts to deteriorate and inflation is not

back to the target. Do they stick to their guns or do they ride

to the rescue and start cutting rates? That's kind of the pickle

we're looking at going into the summer months."

With earnings season nearing an end and only a few economic

data reports expected this week, investors are awaiting next

week's consumer prices data to gauge if inflation is cooling.

Traders are currently 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.

Investors took in additional comments from Fed speakers

after 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.

Fed Governor Lisa Cook did not comment on monetary

policy but

said

U.S. households, banks and firms are largely in solid

financial shape, with strong enough buffers to absorb potential

shocks.

Vice Chair Philip Jefferson was also due up later in the

day.

At 02:00 p.m. EDT, the S&P 500 lost 2.36 points, or

0.05%, to 5,185.34 points, while the Nasdaq Composite

lost 38.24 points, or 0.24%, to 16,293.65. The Dow Jones

Industrial Average rose 116.60 points, or 0.30%, to

39,000.86.

The majority of S&P sectors were trading down, with real

estate and consumer discretionary among the

biggest decliners.

Intel ( INTC ) fell 2.7% after warning of a sales hit from

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

China.

Tripadvisor ( TRIP ) tumbled 29% 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 5.5% after projecting

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

current quarter.