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Stocks up on glimpse of manufacturing

In this Friday Jan. 25 2013 phoTrader Michael Urkonis center works floor New York Stock Exchange. Wall Street appeared headed

In this Friday, Jan. 25, 2013, photo, Trader Michael Urkonis, center, works on the floor of the New York Stock Exchange. Wall Street appeared headed for a day of trade without drama Monday Jan. 28, 2013. (AP Photo/Richard Drew)

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Updated: January 28, 2013 9:24AM



NEW YORK — Stocks are rising with investors getting a peek into the health of the U.S. manufacturing sector.

The Dow Jones industrial average rose 70 points to 13,895 and the Nasdaq added 1 point to 3,152.

The Standard & Poor’s 500 shed less than a point to 1,502 after closing at a five-year record on Friday.

U.S. companies placed more orders for long-lasting manufactured goods in December, a good sign for the economy heading into 2013.

Orders for durable goods increased 4.6 percent, the Commerce Department said Monday, driven by a 10 percent gain in aircraft orders.

Also on Monday, Caterpillar beat Wall Street expectations when a new purchase in China is discounted.

Shares of the manufacturer rose 3 percent in morning trading.



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