US STOCKS-Energy shares, tame jobs data lift Dow

(Updates to close)

* Energy stocks rally as oil climbs to record high

* Job losses not as weak as some had feared

* Nvidia shares sink 30 percent, weigh on Nasdaq

By Kristina Cooke

NEW YORK, July 3 (Reuters) -The Dow rose on Thursday, a day after the blue-chip average entered a bear market, on relief payrolls data was not as weak as some had feared and with another record oil price boosting energy shares.

The broader S&P 500 index was little changed in a pre-holiday shortened trading session and the Nasdaq composite index fell after graphics chip maker Nvidia (NVDA.O: Quote, Profile, Research) slashed its outlook, citing global market weakness. That raised concerns about the outlook for the computer industry.

Oil jumped above $145 a barrel before the Independence Day holiday on Friday when U.S. markets will be closed. Exxon Mobil Corp (XOM.N: Quote, Profile, Research) and Chevron Corp (CVX.N: Quote, Profile, Research) gave the biggest boosts to the Dow and the S&P 500.

The Labor Department said employers cut 62,000 workers from their payrolls in June for the sixth straight monthly decline, roughly in line with economists' expectations.