US STOCKS-Wall St rises as Fed seen holding off rate hike until 2016
(Updates to late afternoon, adds commentary, changes byline)
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* Indexes up: Dow 1.8 pct, S&P 1.8 pct, Nasdaq 1.5 pct
By Sinead Carew
Oct 5 (Reuters) - U.S. stocks rose on Monday, with the S&P 500 up for the fifth day, as investors bet the Federal Reserve will not raise interest rates this year.
Friday's U.S. nonfarm payrolls report for September showed job growth slowed in the last three months, increasing prospects that the era of near-zero interest rates will continue for a while yet.
Low interest rates make it cheaper for companies to borrow and can boost consumer spending. Continuación...