US STOCKS-Wall St up more than 1 pct, rebounds after recent losses
* Homebuilder shares rise
* December private payrolls higher than expected
* Indexes up: Dow 1.1 pct, S&P 1.1 pct, Nasdaq 1.1 pct (Updates to late afternoon)
By Caroline Valetkevitch
NEW YORK, Jan 7 (Reuters) - U.S. stocks were up more than 1 percent on Wednesday, rebounding from five straight sessions of losses after strong U.S. private sector jobs data and investor optimism for further stimulus action in the euro zone.
The market held gains after minutes from the most recent Federal Reserve meeting kept intact views on when U.S. interest rates may rise.
According to minutes of the Fed's December meeting, the central bank pressed ahead with plans to begin raising interest rates later this year despite an apparently vigorous debate over how to communicate its intentions.
At the same time, some investors are betting the first negative inflation in the euro zone since 2009 will trigger a long-awaited move from the European Central Bank to basically begin to print money.
The day's gains follow the S&P 500's longest losing streak in 13 months, when S&P 500 fell 4.2 percent over five sessions on concern over plunging oil prices and global economic weakness. Continuación...