US STOCKS-Strong jobs report sets off broad-based rally on Wall Street

Wall Street's main indexes rose in a broad-based rally on Friday, as job growth surged in April and unemployment rate dropped, pointing to solid expansion in the domestic economy.The Labor Department said employers added 263,000 jobs in April, which blew past expectations, and the unemployment rate dropped to a more than 49-year low of 3.6%.Falling unemployment is expected to put an upward pressure on inflation and supported the Federal Reserve's decision to be patient with interest rate hikes.