US STOCKS-Wall St flat after payrolls; Dow, S&P hit new records

viernes 7 de noviembre de 2014 12:52 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 midday trading)

By Ryan Vlastelica

NEW YORK, Nov 7 (Reuters) - U.S. stocks were little changed on Friday, though the Dow and S&P 500 still inched up to new records as the October payroll report pointed to economic resilience in the face of slowing global demand.

The S&P is on track for its third straight positive session, and with the day's gains, it is now up 10 percent for 2014.

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.   Continuación...