US stocks extend gains, Dow Jones rises over 570 points

US stock indices rose on Friday after the release of the monthly jobs report, and extended their gains despite rising Treasury yields.

The US Labor Department revealed that the US economy has added 379,000 jobs during, better than forecasts of adding 197,000 new jobs.

The unemployment rate was at 6.2%, better than forecasts and the previous reading of 6.3%.

The yield of 10-year US Treasury bonds rose to 1.6%, which foreshadows more pressure on stocks.

To the oil market, WTI crude February futures rose 2.8% or $2.26, and closed at $66.09 a barrel, with weekly gains of 7.5%, after hitting a day high of $66.2 and a low of $63.8.

Brent May futures rose 3.9% or $2.62, and closed at $69.36 a barrel, with weekly gains of 7.7%, after hitting a high of $69.3 and a low of $66.6.

As for stocks, Dow Jones rose 1.8% or 572 points, and closed at 31,496, with a weekly gain of 1.8%, a day high of 31,580, and a low of 30,766.

Nasdaq rose 1.5% or 196 points to 12,920, and registered a 2.1% weekly loss, with a high of 12,941 and a low of 12,397.

S&P 500 rose 1.9% or 73 points to 3,842, and posted a weekly gain of 0.8%, after hitting a high of 3,851 and a low of 3,730.