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. Britain's top share index fell 1.53 percent on fears over the health of the global recovery as US employment data failed to impress, while ICAP tumbled following a warning on profits. The FTSE 100 closed down 78.39 points at 5,060.92, posting a weekly fall of 127.60 points, its fourth-straight weekly decline. European shares fell for a third day and notched up their biggest weekly decline in 11 months, with banks extending recent falls on intensified worries about euro zone sovereign debt. The pan-European FTSEurofirst 300 index of top shares fell 2.1 percent to 972.10 points, the lowest close since early November of last year. Over the week, the index fell 3.9 percent, its biggest weekly fall since last March. It is down 9.5 percent from the 15-month high it hit on Jan 11. Frankfurt's DAX index ended at 5,434.34 points, down 98.9 or 1.79 percent, a fall of 174.45 points from last Friday. Paris CAC-40 index closed at 3,563.76 points, down 125.49 or 3.40 percent. losing 175.70 from a week ago. Zurich Swiss market index closed at 6,264.33 points, down 132.18 or 2.07 percent. The index lost 176.39 over the week. Milan IT All Share index closed at 21,335.08 points, down 603.02 or 2.75 percent, a fall of 1,097.26 points from seven days ago. Tokyo Nikkei average fell almost 3 percent to a two-month closing low as risk aversion rose on growing sovereign debt problems in Europe, although Toyota shares managed to find a floor despite mounting recall woes. Nikkei shed 2.89 percent to 10,057.09, a fall of 298.89 points, after earlier falling as low as 10,036.33. Over the last seven days the index fell 140.95 points. Hong Kong Hang Seng Index ended down 3.33 percent, or 676.56 points at 19,665.08, lowest since Sept. 2, 2009.
