Wall Street will keep a close eye on a key Federal Reserve policy meeting the coming week amid concerns the US economic recovery could stall following larger-than-expected job losses.

US shares ended the week higher despite a market-jolting report Friday showing the economy shed more jobs than expected in July.

Investors were concerned that economic growth, which resumed in the middle of last year after a brutal recession, could be derailed as unemployment remained at a high rate of 9.5 percent and as Americans keep their wallets tightly shut.

With interest rates at virtually zero percent, analysts suggested the Federal Reserve ratesetting body's meeting Tuesday could consider other monetary policy-based stimulus.

It includes action by the central bank to

directly pump money into the economy again, like it did at the height of the financial crisis.

"Investors may be anticipating an extension or expansion of the Fed's policy of quantitative easing, or massive purchases of Treasuries and other securities to provide further liquidity to the economy," said analyst Frederic Dickson at D.A. Davidson & Co.

"The rumors of quantitative easing have been a good part of the recent rally in stocks, so if the data continue to come in relatively benign, and the Fed does nothing, it's hard to say that this rally will be sustained," cautioned Wells Fargo analyst Gina Martin.

Despite persistent economic concerns, the Dow ended the week 1.8 percent higher on Friday at 10,653.56, the first time the blue-chip index closed above the 10,600 level since May 14.