US STOCKS-Wall St rises as jobs data reins in Sept rate hike bets

viernes 2 de septiembre de 2016 09:52 GYT
 

* 151,000 jobs added in August vs est. 180,000

* Unemployment rate unchanged at 4.9 pct

* Lululemon falls after comparable-sales growth misses estimates

* Indexes up: Dow 0.53 pct, S&P 0.47 pct, Nasdaq 0.37 pct (Updates to open)

By Tanya Agrawal and Mamidipudi Soumithri

Sept 2 (Reuters) - Wall Street opened higher on Friday after data showed U.S. employment growth slowed more than expected in August, which could rule out an interest rate increase this month.

The Labor Department's monthly jobs report showed nonfarm payrolls rose by 151,000 last month, while the unemployment rate remained unchanged at 4.9 percent.

Economists polled by Reuters had forecast payrolls rising 180,000 last month.

Rate hike probabilities for September and December had risen after last Friday's remarks by Fed Chair Janet Yellen that the case for raising rates had strengthened in recent months. The Fed next meets on Sept. 20-21.   Continuación...