Stocks lower despite employment news

Wall Street got what it wanted Friday – Labor Department data showing slower job growth – but cautious investors pushed stocks modestly lower, unwilling to trust that the report was enough to keep the Federal Reserve from raising interest rates next week. The major indexes closed out the week little changed.

The Dow Jones industrial average fell 2.24, or 0.02 percent, to 11,240.35 – a 104-point swing from its intraday high early in the session.

The Standard & Poor’s 500 index lost 0.91, or 0.06 percent, to 1,279.36, while the tech-focused Nasdaq composite index dropped fell 7.29, or 0.35 percent, to 2,085.05 after Apple Computer Inc. said it would have to restate earnings due to stock option accounting issues.