US STOCKS-Wall St falls sharply after jobs data, tech stock selloff

viernes 5 de febrero de 2016 12:59 GYT

* January nonfarm payrolls 151,000 vs 190,000 est

* Average hourly earnings rise 0.5 pct

* LinkedIn, Tableau Software slide on weak forecasts

* Amazon, Facebook, Microsoft drag on Nasdaq, S&P

* Indexes down: Dow 1.24 pct, S&P 1.71 pct, Nasdaq 2.74 pct (Updates to early afternoon)

By Tanya Agrawal

Feb 5 (Reuters) - Wall Street was sharply lower on Friday after the January U.S. jobs report appeared to keep alive the prospect of a Fed rate hike this year and tech stocks sold off heavily.

Nonfarm payrolls increased by 151,000 jobs last month, below the 190,000 expected by economists polled by Reuters as the boost to hiring from unseasonably mild weather faded.

Despite the expected slowdown in job growth, the unemployment rate fell to 4.9 percent, the lowest since February 2008, and average hourly earnings increased 0.5 percent, suggesting the labor market recovery remains firm.   Continuación...