US STOCKS-Wall Street edges up on energy, financials
* Oil prices jump more than 3 percent
* U.S. private sector adds 179,000 jobs in July vs est. 170,000
* Indexes up: Dow 0.02 pct, S&P 0.07 pct, Nasdaq 0.19 pct (Updates to late afternoon trading, changes byline)
By Chuck Mikolajczak
NEW YORK, Aug 3 (Reuters) - Wall Street edged higher on Wednesday after a sharp rise in oil prices boosted energy shares, while encouraging data on the labor market helped financial stocks.
U.S. oil prices jumped more than 3 percent to $40.84 a barrel, rising for the first time in six days, after a larger-than-expected gasoline draw offset a surprise build in U.S. crude stockpiles. WTI crude had fallen below $40 for the first time since April earlier in the week.
The S&P energy index was up 1 percent as the best performing of the 10 major S&P groups.
"If (oil) does break $40 and goes to $35, the energy stocks are going to get clocked once again," said Ken Polcari, Director of the NYSE floor division at O'Neil Securities in New York.
"If it holds here at $40 then people may breathe a sigh a relief and say the worst is over." Continuación...