Wall Street rallies after upbeat employment report

By Noel Randewich(Reuters) – Wall Street rallied towards its fourth consecutive gain on Friday after employment data reduced investors’ worries about a sluggish economy without bolstering fears of future interest rate hikes. For the first time since early January, the Dow Jones industrial average rose above the 17,000 mark and the S&P 500 surpassed 2,000, moves that some traders see as psychologically significant.The rally followed a report that nonfarm payrolls increased by 242,