US STOCKS-Wall St up more than 1 pct, boosted by jobs data, Fed
* Fed minutes reassure investors
* Homebuilder shares rise
* December private payrolls higher than expected
* Indexes up: Dow 1.2 pct, S&P 1.2 pct, Nasdaq 1.3 pct (Updates close with oil prices ending higher)
By Caroline Valetkevitch
NEW YORK, Jan 7 (Reuters) - U.S. stocks rebounded on Wednesday from five straight sessions of losses after strong private sector jobs data and as minutes from the most recent Federal Reserve meeting reassured investors the bank was in no hurry to start raising interest rates.
The S&P 500 rose 1.2 percent, its biggest daily percentage gain since Dec. 18, retracing some of its 4.2 percent loss over the previous five sessions tied to concerns about plunging oil prices and global economic weakness.
According to minutes of the Fed's December meeting, the central bank pressed ahead with plans to begin raising interest rates later this year, although Fed officials said they could be "patient" in deciding when to begin the process.
"The U.S. continues to be the strongest region in the globe right now, and I think markets are comforted that rates aren't going to be going up anytime soon," said Bob Landry, portfolio manager at USAA Investment Management Co in San Antonio, Texas. Continuación...