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Stocks mostly rise as investors snap up financials

09/05/08 18:00 EDT

ContentType:Spot Development; ContentElement:FullStory; Breaking:True;

By TIM PARADIS

AP Business Writer

NEW YORK (AP) - Wall Street wrestled with intensifying economic worries Friday, extending sharp losses after a disheartening jobs report and then grudgingly engaging in some mild bargain hunting that gave the market some modest gains. The major indexes ended the week with big declines, a sign that investors, who not long ago expected the economy to improve, are now growing increasingly discouraged.

Stocks initially fell after the Labor Department reported that payrolls shrank more than predicted last month and that the unemployment rate... Full Story
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