CORRECTED – US STOCKS-Wall St slips after jobs data; euro-zone fears linger

(Corrects paragraph 2 to show Dow didn’t close below 10,000 on
Thursday, but did slip briefly below that level)

* Mixed bag: Payrolls fall, jobless rate declines

* Euro-zone fiscal worries linger

* Dow off 0.4 pct; S&P down 0.5 pct; Nasdaq off 0.04 pct

* For up-to-the-minute market news, click [STXNEWS/US]
(Updates midday, changes byline)

By Edward Krudy

NEW YORK, Feb 5 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) fell in choppy
trade on Friday as investors struggled to interpret a mixed
jobs report, while sovereign debt troubles in the euro zone
roiled markets heading into the weekend.

Concerns that governments in Greece, Portugal and Spain may
default on their debt hurt the stock market for the second day,
after driving the Dow industrials briefly below 10,000 in the
last session, when stocks faced their worst daily declines in
nine months.

“People were drawing comparison between those countries and
(failed U.S. investments banks) Bear Stearns and Lehman
(Brothers), and that made for a very nervous tape,” said Jim
Mcguire, Jr., a trader at E.H. Smith Jacobs, in New York.

“The concern (is) that we come in Monday morning and the
situation may have worsened overseas, and so ahead of that,
traders are staying close to shore and not making any big bets
for now.”

The session’s biggest losers included industrial shares,
with Boeing Co (BA.N: ) down 1.9 percent at $58.22, and General
Electric Co (GE.N: ) off 2.9 percent at $15.58.

The Dow Jones industrial average (.DJI: ) dropped 41.72
points, or 0.42 percent, to 9,960.46. The Standard & Poor’s 500
Index (.SPX: ) fell 4.87 points, or 0.46 percent, to 1,058.24.
The Nasdaq Composite Index (.IXIC: ) lost 0.79 points, or 0.04
percent, to 2,124.64.

The euro fell (Read more about the trembling euro. ) to its lowest level against the dollar since
May, as the cost of insuring Greek, Portuguese and Spanish
government debt rose to record highs, and investors sought the
perceived safe haven of the greenback. [ID:nEUROPEAND]

U.S. crude futures fell more than $3, dropping below $70 a
barrel for the first time since mid December, pushed lower by
the rallying dollar and pressuring shares of energy companies.

Exxon Mobil Corp (XOM.N: ) fell 0.8 percent to $64.21. An S&P
index of energy shares (.GSPE: ) slid 1.4 percent.

U.S. employers unexpectedly cut 20,000 jobs in January, but
the unemployment rate dropped to a five-month low of 9.7
percent, the Labor Department reported before the market’s
opening bell. And there were substantial revisions to data for
the previous months.

The government’s nonfarm payrolls report left many
investors scratching their heads. For details see
[ID:nN04115255]

“There is some confusion about the numbers and about how
different these numbers are. The payroll (report) was clearly
disappointing, but the unemployment data was clearly
encouraging,” said Tim Ghriskey, chief investment officer of
Solaris Asset Management in Bedford Hills, New York.

Some positive notes came from the corporate arena.

On the earnings front, U.S. meat producer Tyson Foods Inc
(TSN.N: ) reported a much larger-than-expected first quarter
profit. Tyson’s stock shot up 5.2 percent to $14.72.
[ID:nN05241624]

Health insurer Aetna Inc (AET.N: ) offered signs that it was
moving toward a turnaround next year. That overcame a
disappointing quarterly profit and 2010 forecast, sending the
stock up 2.2 percent to $29.85. [ID:nN05139992]

Money

(Reporting by Edward Krudy; Editing by Jan Paschal)

CORRECTED – US STOCKS-Wall St slips after jobs data; euro-zone fears linger