US STOCKS-S&P 500 ends at record as jobs report eases Fed worries
* Payrolls data weaker than expected
* Utilities shares lead S&P gains
* Gap shares fall on weak August same-store sales
* Dow up 0.4 pct, S&P up 0.5 pct, Nasdaq up 0.5 pct
* Indexes higher for the week (Updates to close, changes quote, adds Family Dollar)
By Akane Otani
NEW YORK, Sept 5 (Reuters) - U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
Stocks had traded lower after the government reported fewer U.S. jobs were created in August than expected.
By early afternoon, however, major indexes turned positive, led by utilities. Fed officials have made it clear that they see the labor market as still struggling, which partially justifies keeping rates at rock-bottom levels. Continuación...