U.S. stocks rebound on oil, manufacturing strength

Date: Mon, 01 Feb 2010 12:01:14 -0500

U.S. STOCKS REBOUND ON OIL, MANUFACTURING STRENGTH
The U.S. stock market climbs Monday, bouncing back from last week's
lows as strong earnings from Exxon Mobil helped lift energy stocks and
a key manufacturing index rose to its highest level in more than five
years.

ISM FACTORY INDEX UP TO HIGHEST LEVEL IN 5 YEARS
The nation's manufacturing firms were growing at a very strong pace in
January, according to a closely followed survey of top executives.

U.S. CONSUMER SPENDING SLOWS IN DECEMBER
Americans increase their spending in December at the slowest pace
since September, allowing their savings rate to drift to the highest
level since June, the Commerce Department estimates.

EXXON MOBIL PROFIT FALLS 23%; REVENUE RISES
The oil giant absorbs a loss in its refining operations and grows its
revenue on higher oil prices, but profit falls to $6.05 billion.

OIL GAINS ON UPBEAT ECONOMIC VIEWS
Crude futures rise after declining last week, as a round of upbeat
global economic reports lifts demand expectations.