Wall Street ends up after jobs report; S&P down for second week

By Caroline Valetkevitch (Reuters) - U.S. stocks rebounded from early losses to close higher on Friday as investors viewed the day's jobs data as less disappointing than first thought. Materials, industrials and discretionary shares were among the day's biggest gainers, with the S&P materials index up 0.8 percent and gold gaining for the day. In the Labor Department report, nonfarm payrolls increased less than economists expected, and April's job gains were the smallest since September. ...