US stocks extend gains, Dow Jones logs record close

US stocks rose on Thursday, after the release of upbeat economic data, and ahead of the monthly jobs report.

US Labor Department will reveal the number of initial unemployment claims for last week, after its fell to its lowest level since the start of the pandemic.

ADB data showed today that the US private sector added 742K new jobs in April, the largest monthly rise since September, missing forecasts of 872K.

The data comes ahead of the US Labor Department's monthly jobs report for April next Friday, which provides key insight on the US labor market.

To the oil market, WTI crude June futures fell 1.4% or 92 cents, and crude closed at $64.71 a barrel, after hitting a day high of $68.7 and a low of $64.9.

Brent June futures fell 1.3% or 87 cents, and closed at $68.09 a barrel, after hitting a high of $69.9 and a low of $68.3.

As for stocks, Dow Jones rose 0.9% or 318 points, and closed at 34,548, with a day high of 34,561, and a low of 34,185.

S&P 500 rose 0.8% or 34 points to 4,201, after hitting a high of 4,202 and a low of 4,147.

Nasdaq rose 0.4% or 50 points to 13,632, with a high of 13,635 and a low of 13,439 points.