US STOCKS-Wall St opens sharply higher after strong jobs data
* Nonfarm payrolls up by 223,000, just below the 224,000 expected
* Unemployment rate falls to lowest since May 2008
* Microsoft jumps on news it's not pursuing Salesforce
* All 30 Dow components in the black
* Indexes up: Dow 1.22 pct, S&P 1.02 pct, Nasdaq 1 pct (Updates to open, adds comment)
By Tanya Agrawal
May 8 (Reuters) - U.S. stocks rose sharply on Friday after data showed U.S. job growth rebounded and the unemployment rate dropped last month, signs of a pickup in the economy that could keep the Federal Reserve on track to hike interest rates this year.
Nonfarm payrolls increased by 223,000 in April, just below the 224,000 that economists polled by Reuters had expected.
The unemployment rate dropped from 5.5 percent to 5.4 percent, its lowest level since May 2008, despite an increase in the number of people entering the labor market. Continuación...