Jobs data, bank stocks lift Wall Street higher

By Yashaswini Swamynathan
(Reuters) – Wall Street climbed higher on Friday, with the S&P 500 nearing its record high, fueled by robust nonfarm payrolls data and a rise in bank stocks on expectations of simpler regulations.
U.S. public and private sectors created 227,000 jobs last month, according to the Labor Department, far more than the 175,000 economists had expected.
Unemployment rate ticked up to 4.8 percent, still below the 5 percent level considered to be full employment. Howev