NEW YORK — Wall Street capped a shortened trading week with their third dismal week in a row yesterday after some down economic data: news of another drop in jobs plus a contraction in the nation’s services sector.

But the Dow Jones Industrial Average finished the day up 73.03, or 0.65 percent, at 11,288.54.

Broader stock indicators ended mixed. The Standard & Poor’s 500 index rose 1.38, or 0.11 percent, to 1,262.90, and the Nasdaq composite index fell 6.08, or 0.27 percent, to 2,245.38.

Stocks of Rhode Island importance rose, led by Amgen Inc. and Kohl’s Corp. The Bloomberg Rhode Island Index, a price-weighted list of companies with operations in the region, rose 0.71 to 239.82. Amgen rose $2.00 to $50.84. Kohl’s rose $1.41 to $42.52.

The Dow ended the week down 57.97, or 0.51 percent, the Standard & Poor’s 500 index finished down 15.48, or 1.21 percent, and the Nasdaq composite index ended the week down 70.25, or 3.03 percent, at 2,245.38.

The Russell 2000 index finished the week down 32.36, or 4.64 percent, at 665.78.

The Dow Jones Wilshire 5000 Composite Index — a free-float weighted index that measures 5,000 U.S. based companies — ended today at 12,815.47, down 265.55 points, or 2.03 percent, for the week. A year ago, the index was at 15,449.03.

The declines were milder than in the prior week, when stocks showed steep losses largely because of concerns about the surge in energy prices.

Investors hoping for some guidance from two key economic reports got very little. The Institute for Supply Management said its index of service sector activity fell to 48.2 from 51.7 in May; the reading touched off more misgivings about the well-being of the economy.

The look at the service sector followed a report from the Labor Department, which said the nation’s unemployment rate held steady at 5.5 percent last month but that 62,000 jobs were lost in June.

The jobs report did appear to assuage some worries that the snapshot of the labor market would be more grim. Employment numbers are critical because consumers who are out of work or are nervous about losing their job are likely to cut their spending. They’ve already become cautious because of higher food and energy prices.

Christopher Molumphy, chief investment officer at Franklin Templeton fixed income group, said the employment figures don’t point to a labor market in distress. “We are not seeing data that would be consistent with recessionary conditions,” he said.

Molumphy also said the session’s somewhat skewed trading was typical of a shortened session ahead of a holiday. Trading ended three hours early at 1 p.m., and the market is closed today for the Fourth of July.

“We try not to overanalyze some of the moves because I think you can easily do that,” he said.

Declining issues outnumbered advancers by about 2 to 1 on the New York Stock Exchange, where consolidated volume came to 3.19 billion shares.

Bond prices fell. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 3.98 percent from 3.96 percent late Wednesday.

The dollar was mixed against other major currencies, while gold prices fell.

Oil prices dominated trading during the week as they have for months. Light, sweet crude settled up $1.72 at a record $145.29 per barrel on the New York Mercantile Exchange after trading as high as $145.85 — also a record.

Nearly a month ago, on June 6, oil prices logged their biggest-ever one-day advance with a gain of nearly $11 a barrel. The rise that day to more than $138 a barrel and a nearly 400-point drop in the Dow at the time owed in part to comments from a Morgan Stanley analyst that oil would hit $150 a barrel by the Fourth of July.

While oil hasn’t yet touched that level, rising prices have continued to weigh on stocks. Oil’s rise Wednesday after two uneventful days of trading helped send the Dow down by more than 150 points and left the blue chips and the Nasdaq in bear market territory, where they remained by yesterday’s close. The Standard & Poor’s 500 index remains just shy of the 20-percent decline from its high that signals a bear market.

Dan Laufenberg, chief economist at Ameriprise Financial, said the modest growth the economy is managing to show will likely fade by next year.

“Unless you get some kind of relief on energy prices it looks the third quarter is going to be fairly weak as well,” he said.

Yesterday’s employment report, while greeted with some relief, also brought some troubling insights. The nation’s job losses in April and May turned out to be steeper than had been thought after revisions. A separate report showed that the number of newly laid-off people seeking unemployment benefits jumped last week.

Wall Street companies meanwhile sharply scaled back their borrowing from the Federal Reserve’s emergency lending program over the past week while commercial banks boosted it slightly.

The report, released yesterday by the Fed, offered mixed signals about credit conditions.

Investment firms averaged $1.7 billion in daily borrowing for the week ending July 2. That compared with $6.1 billion the previous week. The reduction suggested the Wall Street firms are feeling less of a need to turn to the Fed for quick source of cash, an encouraging sign.

The investment houses were given similar loan privileges as commercial banks in March after a run on Bear Stearns pushed the nation’s fifth-largest investment bank to the brink of bankruptcy and raised fears that other Wall Street firms might be in jeopardy. The company was taken over by JPMorgan.

Banks, meanwhile, averaged $14.9 billion in daily borrowing for the week. That compared with $14.7 billion in the previous week. The pickup indicated that banks are still going to the Fed to help them overcome credit stresses.

The identities of commercial banks and investment houses are not released.

In the broadest use of the central bank’s lending power since the 1930s, the Fed in March scrambled to avert a market meltdown by giving investment houses a place to go for emergency overnight loans. The program will continue for at least six months. Commercial banks and investment companies now pay 2.25 percent in interest for the loans.

In a new addition to the weekly report, the Fed said the portfolio of certain assets it took over from Bear Stearns is now estimated to be worth $28.9 billion. Maiden Lane LLC holds the portfolio of assets.

As part of JPMorgan’s takeover of the troubled investment firm, the Fed provided a loan of $28.82 billion. JPMorgan will absorb the first $1.15 billion of any losses that could occur on the holdings.

Separately, as part of efforts to relieve credit strains, the Fed auctioned $26.1 billion in Treasury securities to investment companies yesterday.

The auction drew bids for less than the $50 billion the Fed was making available, which was viewed as possible sign of some improvements in credit conditions.

Investors will be looking for fresh insights next week with the arrival of corporate quarterly numbers. Aluminum producer Alcoa Inc., a component of the Dow industrials, is expected to unofficially start earnings season with a report due Tuesday. Monthly sales reports are also due from retailers.

The Russell 2000 index of smaller companies fell 6.56, or 0.98 percent, to 665.78.

Overseas, Japan’s Nikkei stock average fell 0.16 percent. Britain’s FTSE 100 rose 0.95 percent, Germany’s DAX index rose 0.77 percent, and France’s CAC-40 rose 1.11 percent.