US STOCKS-Wall St drops as jobs data boosts chances of Dec rate hike
* Nonfarm payrolls sharply increase in Oct
* Unemployment rate falls to lowest since April 2008
* Financial stocks only gainer among 10 sectors
* Indexes down: Dow 0.24 pct, S&P 0.04 pct, Nasdaq 0.06 pct (Updates to open)
By Abhiram Nandakumar
Nov 6 (Reuters) - U.S. stocks were slightly lower on Friday after a stronger-than-expected October jobs report boost prospects that the Federal Reserve will raise interest rates next month.
Nine of the 10 major S&P sectors were lower, with the interest-rate sensitive utilities sector's 3 percent decline easily the worst. The financials sector, up 1 percent, was the only gainer.
The Labor Department's report showed nonfarm payrolls increased by 271,000 in October, beating the 180,000 expected. Data for August and September were revised to show 12,000 more jobs on average were created than previously reported.
The unemployment rate fell to 5.0 percent, the lowest since April 2008, from 5.1 percent in September. The jobless rate is now at a level many Fed officials view as consistent with full employment. Continuación...