US STOCKS-Manufacturing data, Exxon lift Wall St

* Manufacturing sector expands more than expected

* Exxon shares jump as results beat estimates

* Indexes up: Dow 0.9 pct, S&P 1.1 pct; Nasdaq 0.7 pct

* For up-to-the-minute market news, click [STXNEWS/US]
(Updates to midmorning, adds manufacturing data)

By Rodrigo Campos

NEW YORK, Feb 1 (BestGrowthStock) – U.S. stocks (Read more about the stock market today. ) rose on Monday,
following three weeks of losses, as data showed the U.S.
manufacturing sector continued to expand in January and after
better-than-expected results from Exxon Mobil Corp (XOM.N: ).

Exxon shares rose 2.1 percent to $65.80 after the largest
U.S. oil company reported that quarterly results beat
expectations on increased oil and gas production. For details
see [ID:nN01189745]

The Institute for Supply Management’s January manufacturing
index showed the sector grew in January and at a faster rate
than expected. The report followed strong data from China,
Australia and the euro zone. [ID:nN01363414] and

Shares of materials companies gained on the strong global
manufacturing data, with Alcoa Inc (AA.N: ) up 3.7 percent to
$13.20 and U.S. Steel Corp (X.N: ) adding 4.2 percent to $46.30.

“The ISM number looks good on all fronts,” said Alan Lancz,
president of Alan B. Lancz & Associates Inc in Toledo, Ohio.
“The market is coming off an oversold condition, so it’s

The Dow Jones industrial average (.DJI: ) gained 93.79
points, or 0.93 percent, to 10,161.12. The Standard & Poor’s
500 Index (.SPX: ) jumped 11.57 points, or 1.08 percent, to
1,085.44. The Nasdaq Composite Index (.IXIC: ) added 14.09
points, or 0.66 percent, to 2,161.44.

Other data showed construction spending in December fell to
its lowest level since 2003. [ID:nN29161976]

(Additional reporting by Ellis Mnyandu; editing by Jeffrey

US STOCKS-Manufacturing data, Exxon lift Wall St