Posted By: Mark Thatcher

By Caroline ValetkevitchMon Nov 13, 12:26 PM ET

NEW YORK (Reuters) - Stocks rose on Monday for the second
straight session as oil prices fell below $59 a barrel, easing
worries about energy costs, and as positive brokerage comments
boosted shares of Intel Corp. (Nasdaq:INTC - news) and General Electric Co.
(NYSE:GE - news).
ADVERTISEMENT

var lrec_target="_top";var lrec_URL=new Array();
lrec_URL[1]="http://us.ard.yahoo.com/SIG=12f06boke/M=540720.9558360.10292400.1442997/D=news/S=7665819:LREC/_ylt=A9FJqYC5LllFpE4AewCb.HQA/Y=YAHOO/EXP=1163479769/A=4104668/R=0/id=flash/SIG=11m6h82to/*http://www.asseenontvnetwork.com/track/click/257466/";
var lrec_fv="clickTAG=javascript:lrec_window(1)";
var lrec_swf="http://us.a2.yimg.com/us.yimg.com/a/li/livemercial/110706_ny_lrec_swf.swf";
var lrec_altURL="http://us.ard.yahoo.com/SIG=12f06boke/M=540720.9558360.10292400.1442997/D=news/S=7665819:LREC/_ylt=A9FJqYC5LllFpE4AewCb.HQA/Y=YAHOO/EXP=1163479769/A=4104668/R=1/id=altimg/SIG=11m6h82to/*http://www.asseenontvnetwork.com/track/click/257466/";
var lrec_altimg="http://us.a2.yimg.com/us.yimg.com/a/li/livemercial/110706_ny_lrec_gif.gif";
var lrec_w=300;var lrec_h=250;
if (window.yzq_a == null) document.write("");if (window.yzq_a)
{
yzq_a('p', 'P=Hlu3VULaS.Yr6NONLTBDug2ASDRIwkVZLrkABvIA&T=1ce3ju506%2fX%3d1163472569%2fE%3d7665819%2fR%3dnews%2fK%3d5%2fV%3d1.1%2fW%3d8%2fY%3dYAHOO%2fF%3d679569319%2fH%3dY2FjaGVoaW50PSJuZXdzIiBjb250ZW50PSJvaWw7ZW5lcmd5O2Jyb2tlcmFnZTtJbnRlbDtRdWFsY29tbTtOYXNkYXE7TW90b3JvbGE7d2lyZWxlc3M7Q3J1ZGU7aXQ7dHJhZGluZztQb29yO3RlY2hub2xvZ3k7VGVsZWNvbW11bmljYXRpb25zO1VNVFM7SW50ZXJuZXQ7dmlkZW87aGVscDtmdW5kcztob21lO0hvbWUgRGVwb3Q7IiByZWZ1cmw9IiIgdG9waWNzPSIi%2fS%3d1%2fJ%3d80A949D1');
yzq_a('a', '&U=13atfssos%2fN%3dBjIcCELaX9w-%2fC%3d540720.9558360.10292400.1442997%2fD%3dLREC%2fB%3d4104668');
}

Shares of Intel and GE gained after Citigroup added the
stocks to its recommended list. Both stocks were among the top
positive influences on the S&P 500 Index.

Qualcomm Inc. (Nasdaq:QCOM - news) climbed, helping the Nasdaq along
with Intel, after an announcement that Motorola Inc. (NYSE:MOT - news),
the world's second-biggest cellphone maker, plans to use
Qualcomm chips in future high-speed wireless handsets.

Crude oil prices extended Friday's 2.6 percent drop, and
were last down 76 cents at $58.85 a barrel. .

"The story of the day is oil. People are looking to see if
it goes down from this $58-$59 range," said Jim Fehrenbach,
head of Nasdaq trading at Piper Jaffray in Minneapolis.

The Dow Jones industrial average (^DJI - news) was up 39.14
points, or 0.32 percent, at 12,147.57. The Standard & Poor's
500 Index (^SPX - news) was up 4.68 points, or 0.34 percent, at
1,385.58. The Nasdaq Composite Index (^IXIC - news) was up 12.28
points, or 0.51 percent, at 2,402.00.

Lower oil prices boosted shares of conglomerates that are
heavy energy consumers. Honeywell International Inc. (NYSE:HON - news)
was up 1.2 percent at $43.03.

In a research note dated November 10, the brokerage said it
was adjusting its large-cap industry group weightings to
position its portfolio more heavily toward nonindustrial
cyclical industries, specifically technology and consumer. For
details see . GE, it said, is not as cyclical as
others in its group. Intel shares rose 2 percent to $21, while
GE shares gained 1.1 percent to $35.57.

Qualcomm shares climbed 2.2 percent to $36.02 after the
announcement, which expands its share of the market for chips
based on Universal Mobile Telecommunications System (UMTS)
high-speed wireless technology that operators in Europe and
other parts of the world are using to deliver everything from
Internet and video to music and game downloading to cellphones. Motorola shares were up 0.6 percent at $21.50
on the NYSE.

"The market has been doing well overall the last few weeks.
We're waiting for economic news later this week, and if we get
good inflation numbers, that should help the market go up even
more," said Giri Cherukuri, head trader at OakBrook Investments
LLC in Lisle, Illinois.

On Tuesday, the Labor Department releases its October
report on the Producer Price Index.

That will be followed on Wednesday by the release of the
minutes from the most recent meeting of the Federal Reserve'sFederal Open Market Committee on October 24-25, when it held
its benchmark federal funds rate steady at 5.25 percent for the
third consecutive time. On Thursday, the Labor Department will
release the October Consumer Price Index.

Earnings results from some top retailers are expected on
Tuesday, including No. 1 home improvement chain Home Depot Inc.
(NYSE:HD - news) .

The information reported above is property of Yahoo! inc. and reprinted or modified with legitimate permission.