A street sign, Wall Street, is seen outside New York Stock Exchange [Shannon Stapleton/Reuters]

US stocks rallied on Friday following a blockbuster jobs report and reassurances from Federal Reserve Chairman Jerome Powell that the US central bank is not on a fixed path to push interest rates higher.

The Labor Department said on Friday the US economy added a 312,000 jobs last month, well above analysts’ expectations, while average hourly earnings rose 3.2 percent

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