US STOCKS-S&P 500 index nears record high after blowout jobs report

viernes 8 de julio de 2016 15:16 GYT
 

* U.S. economy adds 287,000 jobs in June, beating estimates

* Three major indexes on track to close week higher

* Indexes up: Dow 1.4 pct, S&P 1.5 pct, Nasdaq 1.6 pct (Updates to late afternoon, changes byline)

By Rodrigo Campos and Marcus E. Howard

NEW YORK, July 8 (Reuters) - The benchmark S&P 500 stock index traded above its record close on Friday as Wall Street rallied after a much-larger-than-expected print in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull.

The S&P traded less than four points away from the all-time intraday high of 2,134.72 reached in May 2015.

After a dismal payrolls report for May that raised concerns about the health of the economy, employers added 287,000 jobs in June, beating market expectations for the first time in four months.

"It's good to see (the weak May number) was an anomaly, not a trend. That was the biggest worry coming into this, that last month's weak number was starting a new normal in employment, and it didn't," said J.J. Kinahan, chief strategist at TD Ameritrade in Chicago.

Some analysts said the strong jobs number could put an interest rate hike from the Federal Reserve back on the table, even as concerns linger over the global economic impact from Britain's vote last month to leave the European Union.   Continuación...