US STOCKS-Wall Street declines heading into close
* December nonfarm payrolls 292,000 vs est 200,000
* Oil prices fall, post heavy losses for week
* Dow down 0.5 pct, S&P down 0.5 pct, Nasdaq down 0.3 pct (Updates to late afternoon)
By Caroline Valetkevitch
Jan 8 (Reuters) - U.S. stocks fell in choppy trading on Friday afternoon as sliding oil prices offset upbeat U.S. job growth data.
The S&P 500 was on track for its worst five-day start to a year since at least 1929.
Oil prices tumbled to their lowest in more than a decade and posted steep losses for the week, and the S&P energy sector extended this week's slide.
Data showed U.S. nonfarm payrolls surged in December and the unemployment rate held steady at 5 percent. October and November payrolls were revised sharply higher.
The upbeat report suggested that a recent manufacturing-led slowdown in economic growth would be temporary. Continuación...