Wall Street advances in wake of payrolls report

U.S. stocks advanced on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. Federal Reserve will hike interest rates in June. Nonfarm payrolls increased more than expected in January and wages rebounded, while jobs for November and December were revised sharply higher. The unemployment rate ticked up to 5.7 percent as a result of an increased labor force. "The wage growth appears to be the breakthrough that bulls were looking for to say the e