US STOCKS-Wall St advances in wake of payrolls report

viernes 6 de febrero de 2015 12:42 GYT

* Twitter, LinkedIn climb after results

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* Payrolls report tops expectations

* Indexes up: Dow 0.2 pct, S&P 0.36 pct, Nasdaq 0.4 pct (Updates to late morning trade)

By Chuck Mikolajczak

NEW YORK, Feb 6 (Reuters) - U.S. stocks advanced on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. Federal Reserve will hike interest rates in June.

Nonfarm payrolls increased more than expected in January and wages rebounded, while jobs for November and December were revised sharply higher. The unemployment rate ticked up to 5.7 percent as a result of an increased labor force.

"The wage growth appears to be the breakthrough that bulls were looking for to say the economy can actually be self sustaining," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.

After the report, traders added to bets that the central bank will start to hike interest rates by mid-year.   Continuación...