REFILE-US STOCKS-Wall St edges up after mixed jobs data

(Fixes typo in 4th paragraph)

* Payrolls fall, jobless rate declines

* Euro zone fiscal worries linger

* Dow off 0.1 pct; S&P flat; Nasdaq up 0.3 pct

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

By Rodrigo Campos

NEW YORK, Feb 5 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) edged higher on
Friday after a mixed jobs report and despite lingering worries
over the fiscal health of some European countries.

U.S. employers unexpectedly cut 20,000 jobs in January, but
the unemployment rate dropped to a five-month low of 9.7
percent, according to a government report that hinted at labor
market improvement. For details see [ID:nN04115255]

“The (jobs) data was mixed. It was not uniformly good nor
uniformly bad, and I think the logical reaction is a market
that probably doesn’t know which way to go,” said Eric Kuby,
chief investment officer at North Star Investment Management
Corp in Chicago.

Industrial shares were among the biggest losers, with
Boeing Co (BA.N: ) down 1.3 percent to $58.53 and General
Electric Co (GE.N: ) off 2.9 percent to $15.57.

The Dow Jones industrial average (.DJI: ) dropped 12.32
points, or 0.12 percent, to 9,989.86. The Standard & Poor’s 500
Index (.SPX: ) shed 0.25 point, or 0.02 percent, to 1,062.86. The
Nasdaq Composite Index (.IXIC: ) gained 6.39 points, or 0.30
percent, to 2,131.82.

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 on worries those countries
might default on their debt. [ID:nEUROPEAND]

“After a major decline yesterday, the market is pointing to
further correction, and this is going to continue to feed on
itself until we are through with the euro zone storm,” said
Peter Cardillo, chief market economist at Avalon Partners in
New York.

Investment Research

(Additional reporting by Angela Moon and Ellis Mnyandu;
editing by Jeffrey Benkoe)

REFILE-US STOCKS-Wall St edges up after mixed jobs data