REFILE-US STOCKS-Dow, S&P close at records; payrolls in focus
(Refiles to fix grammar in headline)
* ECB cuts rates below zero to spur bank lending
* Preview: U.S. job growth seen slowing, unemployment to edge up
* Indexes up: Dow 0.6 pct, S&P 0.7 pct, Nasdaq 1.1 pct
By Angela Moon
NEW YORK, June 5 (Reuters) - The Dow and the S&P 500 both ended at new highs on Thursday after the European Central Bank cut rates to record lows and pledged to do more if needed to fight off the risk of deflation.
Investors are now focused on Friday's U.S. payrolls report for May. It is expected to show job growth slowed last month and the unemployment rate ticked up, but not by enough to upset the view that the economy is bouncing back.
The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend continued to point to a firming labor market.
"The number of data we got this week so far on the labor market have not provided a clear direction for tomorrow's numbers," said Randy Frederick, managing director of trading and derivatives with the Schwab Center for Financial Research in Austin. Continuación...