9-9-13 10:47 AM EDT | Email Article

By Kate Gibson, MarketWatch


NEW YORK (MarketWatch) -- U.S. stocks rose on Monday, with the S&P 500 extending gains into a fifth session, as data showed exports from China exceeding forecasts and Apple Inc. climbed a day ahead of its unveiling of new iPhone models.


"China came out with significantly better economic data over the weekend, and that's important to us because the China demand story continues to be a very important piece of the global economic picture," said Art Hogan, market strategist at Lazard Capital Markets.


"There's excitement about the Apple product announcement tomorrow, and Apple is one of the largest components of the S&P 500. And volumes are low and participation is still timid, so any moves get exaggerated, very much like we saw in the volatility on Friday," Hogan added of the end-of-week session, which had the Dow Jones Industrial Average (DJI) crossing zero eleven times.


After an initial 107-point spike, the Dow industrials on Monday was recently up 86.74 points, or 0.6%, to 15,009.24, with Caterpillar Inc. (CAT) and Alcoa Inc. (AA) leading gains that included all but four of the blue-chip index's 30 members.


Heavy-equipment-maker Caterpillar rose 2.2% and aluminum-producer Alcoa gained 1.6% after Beijing's General Administration of Customs reported Chinese exports rose 7.2% in August from the year-earlier period.


The S&P 500 index (SPX) climbed 8.29 points, or 0.5%, to 1,663.46, with materials and industrials pacing sector gains and telecommunications and health care the poorest performing of its 10 major industry groups.


The Nasdaq Composite (RIXF) rose 20.87 points, or 0.6%, to 3,680.81.


Apple (AAPL) rose 1.3% before an investor event where the iPhone maker will unveil upgraded versions of its smartphone.


Delta Air Lines Inc. (DAL) gained 7.1% after S&P Dow Jones Indices said the carrier would displace BMC Software Inc. (BMC) in the S&P 500.


For every stock on the decline, more than three rose on the New York Stock Exchange, where 121 million shares traded as of 10:30 a.m. Eastern.


Composite volume neared 645 million.


Treasury yields fell, with the benchmark 10-year note used in figuring mortgage rates and other consumer loans off four basis points at 2.895%. The dollar fell against the currencies of major U.S. trading partners including the euro (EURUSD) but excluding the yen (USDJPY) .


The cost of energy declined, with a barrel of crude (CLV3) priced at $109.6 a barrel, down 92 cents, or 0.8%, on the New York Mercantile Exchange. Gold futures(GCZ3) rose $2.60, or 0.2%, to $1,389 an ounce.


Wall Street on Friday finished higher on the week as reports indicated increased global economic growth even as investors weighed possible U.S. military action in Syria and chances of the Federal Reserve cutting back on its monetary stimulus later in the month.

-Kate Gibson; 415-439-6400; AskNewswires@dowjones.com


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(END) Dow Jones Newswires

09-09-13 1047ET

Copyright (c) 2013 Dow Jones & Company, Inc.
Copyright 2014 MarketWatch
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Morningstar - 2013/9/9 - UPDATE: U.S. stocks rise with help from Apple, China
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