US stocks extend gains, Dow Jones and S&P 500 close at fresh records

US stock indices rose on Friday despite the disappointing monthly jobs report, as Dow Jones and S&P 500 closed at new records.

Data showed that the US economy has added 266,000 jobs during April, worse than forecasts of 990,000 jobs.

The US unemployment rate rose to 6.1% in April from 6% in March, while analysts forecast a drop to 5.8%.

US President Joe Biden said after the data that economy is on the right track despite a vastly disappointing monthly jobs 

WTI crude June futures rose 0.3% or 19 cents, and closed at $64.90 a barrel, with weekly gains of 2.1%, after hitting a high of $65.2 and a low of $63.9.

Brent July futures rose 0.2% or 19 cents, and closed at $68.28 a barrel, and posted a weekly gain of 2.3%, after hitting a high of $68.6 and a low of $67.3.

As for stocks, Dow Jones rose 0.7% or 227 points, and closed at 34,777, with a weekly gain of 2.7%, a day high of 34,811, and a low of 34,464.

Nasdaq rose 0.9% or 119 points to 14,016, and registered a 1.5% weekly gain, with a high of 13,828 and a low of 13,690.

S&P 500 rose 0.7% or 31 points to 4,232, and posted a weekly gain of 1.2%, after hitting a high of 4,238 and a low of 4,201.