Trader's Highlight

DJI-NEW YORK, Sept 3 (Reuters) - Stocks jumped and commodities rose on Friday after data showing fewer U.S. job losses than expected reinforced other reports this week to ease fears the American economy is on the cusp of a new recession.

The U.S. dollar fell against most foreign currencies and government debt prices slid as risk aversion ebbed on optimism the U.S. economy may not be as anemic as many had feared.

The Dow Jones industrial average <.DJI> closed up 127.83 points, or 1.24 percent, at 10,447.93. The Standard & Poor's 500 Index <.SPX> gained 14.41 points, or 1.32 percent, at 1,104.51. The Nasdaq Composite Index <.IXIC> added 33.74 points, or 1.53 percent, at 2,233.75.

NYMEX-NEW YORK, Sept 3 (Reuters) - U.S. crude oil futures
finished lower on Friday as data showed a slower growth pace in the services sector of the economy, overshadowing a stronger-than-expected jobs report.

On the weather front, Hurricane Earl weakened, easing fears that it may affect East Coast refinery activity.

On the New York Mercantile Exchange, crude for October delivery settled down 42 cents, or 0.56 percent, at $74.60 a barrel, trading from $73.20 to $75.44.

CBOT-CHICAGO, Sept 3 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.

CBOT-SOYBEANS - September up 22-1/4 cents per bushel at $10.29-3/4. November up 26 at $10.35. Boosted by soaring wheat, technical buying and pre-holiday position-squaring before the three day weekend.

CBOT-SOYOIL - September up 0.66 cent per lb at 40.32. Support from higher soybeans

FCPO-KUALA LUMPUR, Sept 3 (Reuters) - Malaysian crude palm oil futures closed more than 1 percent higher on Friday on short-covering ahead of the Muslim festive season, but a firmer ringgit capped gains, a trader said. Muslims worldwide will mark the end next week of the month-long Ramadan fasting period, when plantation workers in top palm oil producers, Indonesia and Malaysia, usually go on long holidays, triggering worries of tight supplies.

The benchmark November crude palm oil contract on the Bursa Malaysia Derivatives Exchange climbed 28 ringgit to 2,570 ringgit ($822.1) per tonne.

Overall traded volume was 10,997 lots of 25 tonnes each, slightly above the usual 10,000 tonnes.

REGIONAL EQUITIES-COLOMBO, Sept 3 (Reuters) - Most Southeast Asian stock markets rose on Friday, with Thailand <.SETI> hitting a 14-year high after a court lifted the suspension of most of the plants on the country's biggest industrial estate affected by a one-year freeze.

Singapore <.FTSTI> closed 0.5 percent firmer, hitting its highest since Aug. 10 on late buying, with a 0.8 percent rise in Oversea Chinese Banking Corp and a 0.7 percent gain in Singapore Telecom .

Singapore-listed casino operator Genting Hong Kong jumped as much as 40 percent after a newspaper said the firm's positive performance may have been overlooked by the market. Bucking the trend, Malaysia <.KLSE> ended down 0.4 percent.