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Wall Street ends in green after late snapback


Agence France-Presse
First Posted 08:59:00 02/06/2010

Filed Under: Stock Activity, Markets & Exchanges

NEW YORK – US stocks clawed into positive territory in a late rally in highly volatile trade Friday after the much-awaited jobs report presented a muddled picture on the troubled labor sector.

The Dow Jones Industrial Average rose 13.83 points (0.14 percent) to 10,016.01 at the market close, clawing back from an intraday loss of more than 160 points.

The tech-heavy Nasdaq composite gained 15.69 points (0.74 percent) to 2,141.12 and the broad-market Standard & Poor's 500 index advanced 3.25 points (0.31 percent) to a preliminary close at 1,066.36.

US stocks were under pressure for most of the session, following steep declines in global markets linked to fears on debt burdens in Europe.

But in the final hour, the major indices saw a sharp snapback.



Copyright 2011 Agence France-Presse. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.



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