U.S. stocks rose slightly late on Monday. Investors in the volatile situation in North Africa, to wait and see attitude. Exxon Mobil earnings and better than expected economic data boosted market sentiment.
EST at 15:13 on January 31, the Dow Jones industrial average rose 43.98 points to 11,867.68 points, or 0.37%; the Nasdaq composite index rose 11.11 points to 2,698.00 points, or 0.41%; Standard & Poor's 500 index rose 8.52 points to 1,284.86 points, or 0.67%.
JP Morgan Chase Foundation (JP Morgan Funds), chief market strategist David - Kelly (David Kelly) that "On the whole, in view of the situation in Egypt today, U.S. stock market performance is quite satisfactory."
However, he said, "We can not always assume that news of the day the market will make a logical response." He pointed out that recent data show that mutual fund investors in January which is continuing to transfer funds out of bond funds , to invest in the stock market.
Monday, the Dow is likely to achieve the first time in four years, 1 month closing high on line, and harvest the best performance since 1997 in January. So far this month, the Dow has risen more than 2%. S & P 500 Index so far this year has risen by 2%, the Nasdaq rose 1%.