LONDON (ShareCast) - Blue chips bounced back despite weak non-farm payroll figures though Nasdaq suffered as Nvidia shed nearly a third of its value.

US non-farm payrolls declined by 62,000 in June, following an upwards revised 62,000 fall in May. The decline was larger than expected; analysts had been predicting a fall in the range of 40,000 to 60,000 but added that it was unlikely the Federal Reserve would aggressively raise interest rates while so many jobs were being cut.

Weekly dole claimants rose to over 400,000 to underline the weakness of the jobs market.

The major indices were mixed with Dow Jones 30 up 73 at 11,288. The S&P 500 was up 1 at 1,262 and the NASDAQ Composite ended down 6 points to 2,245.

Graphics chip maker Nvidia lost 31% of its value after it said late Wednesday that it has lowered its second-quarter revenue outlook due to the global consumer weakness. Advanced Micro Devices (AMD), which owns the other major graphics chip designer, ATI, fell by about 3%.

Elsewhere in the tech sector, Yahoo! is wanted after the Wall Street Journal claimed the internet search portal is in deal talks with Time Warner.

Investment bank Goldman Sachs has been taking the knife to its health insurer forecasts, cutting Health Net to “sell” from “neutral” and also downgrading Aetna to “sell”.

S&P 500 - Risers
Ambac Finl Grp Inc (ABK) $1.33 +14.66%
M G I C Invest Cp (MTG) $7.05 +8.80%
Ecolab Inc (ECL) $44.48 +4.81%
Juniper Networks, Inc. (JNPR) $22.77 +4.12%
Amgen Inc. (AMGN) $50.84 +4.10%

S&P 500 - Fallers
Certegy Inc (FIS) $20.14 -45.93%
Nvidia Corporation (NVDA) $12.48 -30.78%
Zions Bancorporation (ZION) $27.05 -14.45%
Freddie Mac (FRE) $14.50 -8.92%
Unitedhealth Group (UNH) $22.96 -8.60%

Dow Jones I.A - Risers
United Tech (UTX) $61.05 +2.26%
Alcoa Inc (AA) $32.78 +2.09%
Jp Morgan Chase Co (JPM) $35.31 +2.05%
American Express Inc (AXP) $40.24 +1.56%
Procter Gamble Co (PG) $63.67 +1.56%

Dow Jones I.A - Fallers
Amer Intl Group Inc (AIG) $26.24 -1.91%
Intel Corporation (INTC) $20.66 -1.29%
AT&T Inc. (T) $32.58 -0.94%
Bk Of America Cp (BAC) $22.39 -0.67%
McDonald's Corporation (MCD) $57.19 -0.42%

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