Wall St. modestly higher in wake of payrolls report

Wall Street was modestly higher on Friday as investors weighed the likelihood of an interest rate hike following a weaker-than-expected payrolls report and hawkish comments from a U.S. Federal Reserve official. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July, with job cuts in manufacturing and construction, the Labor Department said.