US STOCKS-Wall St extends gains after strong jobs data
* Nonfarm payrolls up by 223,000, just below the 224,000 expected
* Unemployment rate falls to lowest since May 2008
* S&P 500, Dow on track for best day since March
* Microsoft jumps on news it's not pursuing Salesforce
* Indexes up: Dow 1.45 pct, S&P 1.2 pct, Nasdaq 1.2 pct (Adds details, changes comment, updates prices)
By Tanya Agrawal
May 8 (Reuters) - Wall Street extended its gains in late morning trading on Friday after strong jobs data for April pointed to a pickup in the economy, which could prompt the Federal Reserve to raise interest rates only later in the year.
U.S. job growth rebounded in April, with nonfarm payrolls increasing by 223,000, just below the 224,000 that economists polled by Reuters had expected.
The unemployment rate dropped to its lowest level since 2008, despite more people entering the job market, suggesting underlying strength in the economy at the start of the second quarter after growth hit a soft patch in the first. Continuación...