US STOCKS-Wall Street extends rally despite weak jobs data
* January payrolls disappoint, December revised up slightly
* Apple leads market higher on buyback boost
* Online travel agencies' shares jump after Expedia results
* Spot VIX falls to trade below VIX futures
* Dow up 0.7 pct, S&P 500 up 0.9 pct, Nasdaq up 1.3 pct
By Rodrigo Campos
NEW YORK, Feb 7 (Reuters) - U.S. stocks climbed on Friday, setting the S&P 500 on track for its first weekly gain in four as a weak reading on the labor market was partly blamed on the weather and traders focused on expectations of further economic strength.
Nonfarm payrolls added 113,000 jobs in January. Economists had forecast a gain of 185,000. December payrolls were revised upward by only 1,000 to 75,000. The U.S. unemployment rate in January hit a five-year low of 6.6 percent. That rate is just above the 6.5 percent level that Fed officials have said would prompt them to consider raising benchmark interest rates from near zero.
Strong job gains in construction hinted that cold weather was probably not a major factor in January job creation. Traders appeared to expect that the January numbers will be revised upward next month. The data also showed job gains in manufacturing. Continuación...