US STOCKS-Wall St rises for 7th week, but ends off its highs

viernes 5 de diciembre de 2014 17:20 GYT

* Nov jobs report comes in well ahead of expectations

* Financials lead on the day, energy falls again

* American Eagle tumbles after outlook, results

* Indexes up: Dow 0.3 pct, S&P 0.2 pct, Nasdaq 0.2 pct (Updates to close)

By Ryan Vlastelica

NEW YORK, Dec 5 (Reuters) - The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report indicated strong economic growth, but perhaps to the point where interest rates could rise sooner than previously anticipated.

Bank stocks and other sectors tied to the pace of growth led on the day, though continued weakness in crude oil weighed on energy shares. While major indexes ended off their highs of the session, both the Dow and S&P closed at records.

Payrolls rose by 321,000 in November, way above the 230,000 estimated, while the unemployment rate held steady at 5.8 percent, a six-year low.

The report blew past forecasts, but also raised expectations that a rate hike from the Federal Reserve may materialize sooner than previously thought.   Continuación...