Trader's Highlight

DJI-NEW YORK, Aug 5 (Reuters) - U.S. stocks closed out their worst week in more than two years on Friday in a volatile session that saw the major indexes whip back and forth before the S&P 500 ended down less than a point.

More than 15.9 billion shares -- or more than twice the daily average volume -- traded in the busiest day in more than a year as investors plowed into cash-rich mega-cap stocks that had been beaten down in recent days as the market dropped.

The market's swings on Friday were fast and furious, with the Dow Jones industrial average covering 416.41 points from its session high to its intraday low.

The Dow Jones industrial average .DJI rose 60.93 points, or 0.54 percent, to end at 11,444.61. But the Standard & Poor's 500 Index .SPX edged down just 0.69 of a point, or 0.06 percent, to finish at 1,199.38. The Nasdaq Composite Index .IXIC slipped 23.98 points, or 0.94 percent, to close at 2,532.41.

NYMEX-NEW YORK, Aug 5 (Reuters) - U.S. crude oil futures rose slightly in volatile trading on Friday to end a five-day losing streak on a positive jobs report and a pipeline fire in Iran.

But for the week, crude futures suffered a loss of more than 9 percent as deeper anxieties over the long-term course of economy sparked risk aversion for most of the recent sessions.

In Asian trading, U.S. crude futures fell to the day's low of $82,87, lowest since Nov. 26 on worries of a global economic slowdown.

On the New York Mercantile Exchange, crude for September delivery CLU1 settled at $86.88 a barrel, edging up 25 cents, or 0.29 percent, after trading from $82.87 to $88.32.

CBOT-SOYBEANS-Soybean futures on the Chicago Board of Trade closed lower, pressured by worries about the global economy and improving U.S. crop weather, traders said.

Front-month soybean futures Sc1 ended the week down 1.8 percent, the third straight weekly decline. Dollar weak; crude oil higher late in choppy trade.

FCPO-JAKARTA, Aug 5 (Reuters) - Malaysian palm oil futures fell as much as 2.6 percent on Friday to a nearly one-month low amid a broad-based sell-off in commodities, as risk-averse investors worried about the health of the U.S. economy ahead of key jobs data.

The benchmark October contract KPOc3 on the Bursa Malaysia Derivatives Exchange closed at 3,051 Malaysian ringgit ($1,023) per tonne, but off an earlier low of 3,021 ringgit -- the lowest since July 6.

Traded volumes for the contract were at two-week highs at 17,939 lots of 25 tonnes each, compared to 10,163 lots on Thursday. Benchmark palm oil prices, which hit a near two-week high at 3,144 ringgit earlier this week, notched a weekly drop of 1.5 percent.

REGIONAL EQUITIES-BANGKOK, Aug 5 (Reuters) - Southeast Asian stock markets tumbled on Friday, with Indonesia suffering its biggest loss in more than 2-1/2 years and Singapore its biggest in over two years as investors sold big-cap and commodity stocks.

The falls came in strong volume and foreign money flowed out as worries about a possible slide back into recession in the United States and Europe's debt crisis prompted investors to get out of risky assets.

Indonesia's .JKSE weekly loss was 5.1 percent, Southeast Asia's second-worst after Singapore's .FTSTI 6.1 percent.

Thai stocks finished down 2.7 percent on the day, with a weekly loss of 3.5 percent. Malaysia and the Philippines fell more than 1 percent on the day and week.
Malaysia's CIMB Group CIMB.KL fell 1.3 percent, refiner Thai Oil TOP.BK plunged 5.8 percent and Philippine Ayala Land ALI.PS lost 2.4 percent.

Singapore-listed commodity trading firm Noble Group NOBG.SI tumbled 6.9 percent, hit by concerns that a slowdown in the global economy would hurt its earnings.