US: Slowing job growth, stimulus worries weigh on Nasdaq

However, the figure still topped economists' expectations and analysts said it could take the pressure off Congress to agree on a relief bill after weeks of wrangling. Differences have partly centered around continuing an extra US$600-per-week in unemployment benefits.

"The bottom line reality is that unemployment is through the roof with respect to historical averages, we are still in a pandemic with no cure and the politicians have promised another US$1 trillion or more to the American public," said Mike Zigmont, head of Trading at Harvest Volatility Management in New York.The Dow Jones Industrial Average rose 46.5 points, or 0.17 per cent, to 27,433.48, the S&P 500 gained 2.12 points, or 0.06 per cent, to 3,351.

T-Mobile US jumped 6.47 per cent as it added more-than-expected monthly phone subscribers and said it had overtaken rival AT&T as the second-largest US wireless provider. The stock was the biggest gainer on the S&P communication services index. King Lip, chief investment strategist at Baker Avenue Asset Management in San Francisco, said investors were worried about China's"potential retaliation" against US actions.

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