Analysis of Wall Street Stocks rise again

Analysis of Wall Street Stocks rise again : Wall Street shares bounce back on Friday or Saturday (7 / 8) pm from the sharp decline comes from a weak jobs report raised the specter of delayed recovery. Dow Jones Industrial Average ended 21.42 points (0.20 percent) lower at 10653.56 after falling by 160 points at one stage, following a government report that the economy took off more jobs than expected in July.

Technology composite index fell 4.59 points (0.20 percent) to 2288.47, while the S & P 500 index which fell 4.17 points greater (0.37 percent) to 1121.64.Analysts said investors hunt for cheap stocks before the markets closed ahead of the weekend, without citing any particular reason to reverse fortunes.

Department of Labor, Friday morning, saying that the U.S. economy lost 131 000 jobs in July and the unemployment rate remained high at 9.5 percent, triggering selling of shares.Addition of 71 000 private sector jobs for non-agricultural wages are not enough to redeem the lost 143 000 jobs while the government, the department said in a statement.

This is the report "disappointing" that shows "about double the number of jobs decreased from non-farm payroll data and fewer increase private sector salary data than anticipated, some wounds reopen the economic recovery," analysts at Charles Schwab & Co. said in a a note to clients.

Most analysts had expected non-farm payroll data in July fell by 87 000 and the unemployment rate increased slightly to 9.6 percent. They also projected to create approximately 82 500 private sector jobs in July.

Monthly jobs report "does not provide much closure to the slowdown concerns other than to repeat the fact that we are stuck in a slow growth environment," said analysts at Briefing.com Kimberly DuBord