U.S. stocks jumped Friday, extending major indexes' gains for the week, after an upbeat February jobs report eased investors' concerns that inflation is accelerating too quickly. Those inflation fears, which had gripped markets in recent weeks and contributed to a surge in volatility, diminished after data from the Labor Department released Friday showed that wage growth slowed in February. Meanwhile, the annual wage gain in January – which initially came in stronger than expected and sparked the jitters that led to the market's worst selloff in more than two years – was revised down.
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