US STOCKS-Wall Street to open higher after payrolls report

viernes 4 de abril de 2014 09:08 GYT

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By Chuck Mikolajczak

NEW YORK, April 4 (Reuters) - U.S. stocks were set for a higher open on Friday, putting the S&P 500 on track to hold near its record high, after the March payrolls report suggested the economy may be gaining momentum.

Nonfarm payrolls increased by 192,000 last month, just shy of the 200,000 forecast, after rising 197,000 in February. The unemployment rate was unchanged at 6.7 percent. With a solid pace of hiring for a second consecutive month, the economy appears to be recovering from a slowdown due to harsh winter weather.

"Overall people are taking this as a sign there isn't some sort of underlying weakness in the economy," said Kate Warne, investment strategist at Edward Jones in St. Louis.

"It has fit into people's belief that most of the weakness we saw earlier was due to the weather and not something really changing about the economy."   Continuación...