Aust stocks extend gains at noon

Local market breaks key 5000 barrier in early afternoon trade on strong Wall St leads.

The Australian stock market extended its gains at noon after the Dow Jones Industrial Average and S&P 500 vaulted to new records on Wall Street.

The benchmark S&P/ASX 200 was 0.75% higher at 5,003 points, while the broader All Ordinaries index lifted 0.76% to 4984.7 points.

Wall Street posted gains following Federal Reserve chairman Ben Bernanke's pledge to maintain the central bank's easy-money policy for the foreseeable future.

In equities news, Inabox Group, a wholesaler of telco services to small businesses, lists on the ASX.

In Australia, the market on Thursday shot up by 1.3%, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy.

Shares in Australia soared on US Fed chairman Ben Bernanke's comments that central bank support through stimulus would continue for the foreseeable future, after flagging an end to it sent markets diving last month.

Job numbers provided the other major influence, with investors focusing less on the bad news of a rise in unemployment to 5.7% in June, and more on the better than expected 10,400-plus net jobs created.

The benchmark S&P/ASX200 index was up 64.3 points, or 1.31%, at 4,965.7 points, while the broader All Ordinaries index was up 61.5 points, or 1.26%, to 4,946.9 points.