US STOCKS-Wall St gains on payroll report, NYSE rallies


 * Employment jumps, jobless rate falls to two-year low
 * NYSE Euronext gains on rival bid from Nasdaq, ICE
 * S&P breaks above 1,330, could trigger technical momentum
 * Indexes up: Dow 0.5 pct, S&P 0.6 pct, Nasdaq 0.4 pct
 * For up-to-the-minute market news see [STXNEWS/US]
  (Updates with ISM and construction spending data)
 By Ryan Vlastelica
 NEW YORK, April 1 (Reuters) - U.S. stocks rose on Friday
after employment notched a second straight month of solid gains
while the jobless rate fell to a two-year low.
 Non-farm payrolls rose by 216,000 jobs last month, more
than expected and the largest increase since May, the Labor
Department said. January and February employment figures were
revised upward by 7,000 jobs and March's unemployment rate fell
to 8.8 percent from 8.9 percent in February. For details, see
[ID:nOAT004775]
 "I was quite pleasantly surprised by the number, which
certainly shows that the economy is improving and gaining
momentum to the upside," said Steven Roge, portfolio manager at
RW Roge & Co in Andover Massachusetts.
 NYSE Euronext (NYX.N: Quote, Profile, Research) rallied after Nasdaq OMX Group Inc
(NDAQ.O: Quote, Profile, Research) and IntercontinentalExchange Inc (ICE.N: Quote, Profile, Research) unveiled a
bid to buy the rival exchanges operator, topping an earlier
offer from Deutsche Boerse AG (DB1Gn.DE: Quote, Profile, Research). [ID:nL3E7F11TO]
 <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
 To see a graphic on jobs, see
 http://r.reuters.com/kab88r                         
 To see a graphic comparing global exchanges, see     
 http://r.reuters.com/gab88r
 ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
 NYSE surged 11 percent to $39.07 while ICE shares were down
3.7 percent to $118.91 and Nasdaq OMX rose 1.9 percent to
$26.31.
 The Dow Jones industrial average (.DJI: Quote, Profile, Research) was up 56.31
points, or 0.46 percent, at 12,376.04. The Standard & Poor's
500 Index (.SPX: Quote, Profile, Research) was up 8.01 points, or 0.60 percent, at
1,333.84. The Nasdaq Composite Index (.IXIC: Quote, Profile, Research) was up 10.45
points, or 0.38 percent, at 2,791.52.
 The S&P broke above 1,330 following several unsuccessful
attempts in the past month. If the index stays convincingly
above that threshold, it may trigger more buying.
 The U.S. manufacturing sector grew at a marginally slower
pace in March after accelerating at its fastest rate in nearly
seven years the previous month, according to the Institute for
Supply Management. Stocks were little affected by the data.
[ID:nN31163532]
 Construction spending fell more than expected in February,
dropping to its lowest level since October 1999, the Commerce
Department said. [ID:nN01172022]
 The S&P 500 ended the first quarter on Thursday with a gain
of 5.4 percent.
 (Editing by Kenneth Barry)






US STOCKS-Wall St gains on payroll report, NYSE rallies