US STOCKS-Wall St dips as jobs data boosts odds of Dec rate hike

viernes 6 de noviembre de 2015 13:56 GYT
 

* Oct nonfarm payrolls up more-than-expected

* Unemployment rate hits lowest since April 2008

* Financial stocks rise, utilities slump

* Alibaba drops as Chanos says stock a possible short

* Indexes down: Dow 0.33 pct, S&P 0.59 pct, Nasdaq 0.09 pct (Updates to early afternoon)

By Abhiram Nandakumar

Nov 6 (Reuters) - U.S. stock indexes were slightly lower in afternoon trading on Friday after a stronger-than-anticipated jobs report hardened the chance that the Federal Reserve would finally raise interest rates in December.

Eight of the 10 major S&P sectors were lower, with the interest-rate sensitive utilities sector's 3.83 percent decline easily the worst. The financials sector was up 0.84 percent, led by bank stocks.

Job growth in October was the best since December 2014, while the unemployment rate fell to 5 percent, the lowest since April 2008. The jobless rate is now at a level many Fed officials view as consistent with full employment.   Continuación...