* 156,000 jobs added in December vs est. 178,000
* Unemployment rate rises to 4.7 pct; wages up 0.4 pct
* Amgen top stock on S&P, Regeneron top loser
* Indexes down: Dow 0.02 pct, S&P 0.07 pct, Nasdaq 0.39 pct
(Adds details, comments, updates prices)
By Yashaswini Swamynathan
Jan 6 The S&P 500 and the Dow Jones Industrial
Average were little changed on Friday after a mixed jobs report,
while tech stocks lifted the Nasdaq to a record intraday high.
The Nasdaq was on track to be the biggest gainer in Wall
Street's first trading week of the year, rising about 2.2
percent. The S&P was set to gain 1.3 percent and the Dow 0.6
A Labor Department report showed that the public and private
sectors together added fewer-than-expected jobs last month but
average hourly earnings ticked up, suggesting sustained momentum
in the labor market.
The report adds to a recent spate of robust economic data
across sectors including manufacturing and automobiles. This,
coupled with President-elect Donald Trump's fiscal stimulus
proposals, could prompt the Federal Reserve to raise interest
rates faster than anticipated.
"It is a payrolls day so expect some choppy price action,"
said Justin Lederer, interest rate strategist at Cantor
Fitzgerald in New York.
"But overall, everyone is looking at the next administration
to come in and to get further clarity on where interest rates
The minutes of the Federal Reserve's December meeting
released on Wednesday showed that almost every Fed policymaker
agreed Trump's measures could call for a faster move on rates.
The central bank currently expects to raise rates thrice this
The dollar rose to session highs against major
currencies, while gold slipped.
At 10:54 a.m. ET (1554 GMT), the Dow Jones Industrial
Average was up 3.89 points, or 0.02 percent, at
19,903.18, the S&P 500 was up 1.67 points, or 0.07
percent, at 2,270.67 and the Nasdaq Composite index was
up 21.24 points, or 0.39 percent, at 5,509.17.
Five of the 11 major S&P 500 sectors were lower, led by the
telecom services sector's 1.73 percent decline.
Technology rose 0.4 percent, boosted by Apple
Wal-Mart fell 1.5 percent to $68.20 after the
company said Rosalind Brewer, chief executive officer of its
warehouse club stores Sam's Club, would retire from on Feb. 1.
Amgen rose 3.3 percent, after a U.S. district judge
blocked Sanofi and Regeneron from selling
their cholesterol drug, which Amgen said infringed its patents.
Regeneron was off 7 percent and was the biggest percentage loser
on the S&P.
Declining issues outnumbered advancers on the NYSE by 1,673
to 1,081. On the Nasdaq, 1,435 issues fell and 1,140 advanced.
The S&P 500 index showed 11 new 52-week highs and no new
lows, while the Nasdaq recorded 37 new highs and eight new lows.
(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by