US STOCKS-Wall Street up slightly on payrolls, earlier scaled new high

viernes 4 de abril de 2014 10:08 GYT

* Payrolls roughly in line with expectations

* Mylan up on report of Meda AB buy

* Boeing considers Mercury Systems acquisition

* Dow up 0.15 pct, S&P up 0.17 pct, Nasdaq down 0.24 pct (Updates to open)

By Chuck Mikolajczak

NEW YORK, April 4 (Reuters) - U.S. stocks advanced slightly on Friday, pulling back after the S&P 500 earlier scaled a fresh high, as the March payrolls report suggested the economy may be gaining momentum.

Nonfarm payrolls rose by 192,000 in March, 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 month, the economy appears to be recovering from a winter-linked slowdown earlier in the year.

"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...