US STOCKS-Wall St flat after payrolls but uptrend seen intact

viernes 7 de noviembre de 2014 12:15 GYT

* Dow, S&P 500 coming off record closing highs

* Fewer jobs added in October than expected

* Disney falls after results, Salix plummets

* Dow, S&P 500 flat, Nasdaq down 0.3 percent (Updates to mid-morning trading)

By Ryan Vlastelica

NEW YORK, Nov 7 (Reuters) - U.S. stocks were mostly flat but still near record highs on Friday after the October U.S. payroll report came in weaker than expected, even as the report pointed to economic resilience in the face of slowing global demand.

Employers added 214,000 jobs last month, below the 231,000 expected in a Reuters poll of economists, while August and September's gains were revised higher. The unemployment rate fell to 5.8 percent from 5.9 percent.

"It's hard to not bet on the economy, with the fundamentals looking like a full house: earnings are rock solid, we're growing at a nice pace and confidence is up," said David Kelly, chief global strategist for JPMorgan Funds in New York.

"The number was slightly weaker than expected but until we see real weakness or higher interest rates, we'll continue to be overweight on equities."   Continuación...