Wall Street up as Fed seen delaying move; utilities jump

U.S. stocks edged up on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday. Labor Department data showed U.S. employers last month added the fewest jobs in more than a year. Investors are concerned that a series of soft economic data, including jobs, factory activity and consumer spending, may point to more than a weather-related slowdown and could indicate a loss of momentum in the U.S. economy. "The market seems to be very confused whether bad or good news is good news," said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin, Texas.

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