US STOCKS-Wall St falls after ho-hum jobs data, sterling 'flash crash'

viernes 7 de octubre de 2016 13:24 GYT

* 156,000 jobs added in September vs. est. 175,000

* Pound 'flash crash' stirs Brexit fears

* Honeywell, PPG weigh on S&P

* Indexes down: Dow 0.51 pct, S&P 0.62 pct, 0.66 pct (Updates to early afternoon trading)

By Noel Randewich

Oct 7 (Reuters) - U.S. stocks fell on Friday after a "flash crash" in sterling fueled Brexit worries and a weaker-than-expected September jobs report did not sway expectations for a Federal Reserve interest rate hike by year-end.

It was latest in two weeks of what some investors described as directionless trading, with uncertainty around a tight race for the White House weighing on sentiment ahead of the Nov. 8 vote.

Data showed U.S. employment growth unexpectedly slowed for a third month in September and the jobless rate rose. Nonfarm payrolls rose 156,000, down from a gain of 167,000 jobs in August, the Labor Department said.

"It's strong enough that you're not worried about the U.S. slipping into an economic slump," said Michael Jones, an investment officer at RiverFront Investment Group in Richmond, Virginia. "But it's not so strong that it precipitates immediate action from the Fed."   Continuación...