Tuesday, February 1, 2011

U.S. stocks rise; Dow has best January since 1997

By Laura Mandaro

SAN FRANCISCO (MarketWatch) - U.S. stocks closed higher Monday, helped by a jump in energy stocks on the back of earnings from heavyweight Exxon Mobil Corp. (XOM 80.69, +0.01, +0.01%) and deals in that sector, and as some of the worries about contagion from Egyptian protests abated. The Dow Jones Industrial Average. (DJIA 11,892, +68.23, +0.58%) ended up 68.23 points, or 0.6%, to 11,891.93 and gained 2.7% for the month, its best January since 1997. Alcoa, Inc. (AA 16.57, +0.44, +2.73%) and Exxon (XOM 80.69, +0.01, +0.01%) shares led session gainers; both rose more than 2%. The S&P 500 (SPX 1,286, +9.78, +0.77%) added 9.78 points, or 0.8%, to 1,286.12, led by a 2.6% gain in energy stocks. It rose 2.3% for the month. The Nasdaq Composite (COMP 2,700, +13.19, +0.49%) added 13.19 points, or 0.5%, to 2,700.08 and gained 1.8% for the month. [..]

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