US STOCKS-Wall St flat as rate hike eyed; banks counter utilities drop

viernes 6 de noviembre de 2015 17:36 GYT

* Oct nonfarm payrolls up more than expected

* JPMorgan, Bank of America, Citigroup shares strong

* Consumer staples, energy sectors off

* Dow up 0.26 pct, S&P down 0.03 pct, Nasdaq up 0.38 pct (Updates to close)

By Lewis Krauskopf

Nov 6 (Reuters) - U.S. stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong U.S. jobs report as evidence the Federal Reserve will soon raise interest rates.

Since the Fed last week opened the door to a rate increase in December, investors have been looking to economic reports for clues to whether the central bank will take action. Data on Friday showed U.S. non-farm payrolls growth in October was the best since December 2014, while the unemployment rate fell to 5 percent, the lowest since April 2008.

The three major indexes posted higher weekly performances for the sixth week in a row, after posting their best monthly results in four years in October.

The overall market on Friday was "holding up well," Peter Jankovskis, co-chief investment officer at OakBrook Investments in Lisle, Illinois, who noted that a Fed action would indicate the economy is healthy enough to tolerate higher rates.   Continuación...