Market extended Thursday's gains. Early buying was encouraged by favorable employment data. The unemployment rate for April fell to 5.0% from 5.1% in March. Non-farm payrolls for April slipped by 20,000, which is less than the march numbers & market expectations. Continuing to act in a proactive manner, the US fed announced intentions to increase its term auction facility to 150 billion USD from 100 billion dollar, and also allow triple a asset-backed securities to be pledged as collateral.

Crude rose more than 3 USD a barrel, the most in month, after a report showed that the US lost fewer jobs than forecast in april and as turkey renewed its military offensive against Kurdish rebels in Iraq.

The Dow Jones industrial average rose almost 48.20 points, half a percent to 13,058.2. The Nasdaq composite index decreased 3.72 or 0.2%, to 2,476.99. The S&P 500 marginally up at 1,413.9.