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Reuters Daily Investor Update: Dow, S&P 500 end higher; Cisco weighs on tech

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Dow, S&P 500 end higher; Cisco weighs on tech NEW YORK (Reuters) - The Dow and the S&P 500 eked out a slim gain on Thursday as investors dipped back into the market after a weak stretch, but a disappointing outlook from tech bellwether Cisco Systems and caution about Europe limited gains. Drop in jobless claims eases labor market fears WASHINGTON (Reuters) - The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after surprisingly weak employment growth in April. U.S. logs first monthly budget surplus in 42 months WASHINGTON (Reuters) - The United States posted a budget surplus for the first time in 42 months in April on a rise in tax receipts and a drop in government spending, although it partly reflected a shifting of some payments to other months.