MIDDAY LUNCH

Dow 10167.84  +100.51, Nasdaq 2164.27  +16.92,S&P 1086.10  +12.23 

The Natural resource sector has led stocks to a strong rebound from last week's losses.  Exxon Mobil (XOM) 66.26, +1.83, +2.84% and BP PLC (BP) 56.98 +0.86, +1.54% are showing nice gains. One top of Exxon Mobil’s better than expected earnings oil is higher at 73.75 +0.86, after a pipeline attack.

Materials stocks +2.5% are also up today. That has gold stocks up +5.0% and steel stocks up +4.3%. Diversified metals and mining stocks are up +5.4%.

Boston Scientific (BSX) 8.54, -0.09 will pay $1.725 billion to Johnson & Johnson (JNJ) 62.90, +0.04 in order to settle three patent disputes that date back to 2003.

Amazon.com(AMZN) 115.13, -9.93, is down today after posting better than expected earnings on Friday.  The weakness can be attributed to its dispute with publishers offering digital books on the new Apple 194.37 +2.30, +1.20% Ipad.

ISM Manufacturing Index exceeded expectations with a multiyear high of 58.4 for January and Construction Spending during December fell a steeper-than-expected -1.2%.

Personal income during December was up +0.4% in a slightly sharper increase than had been expected, but spending during increased at a softer-than-expected pace of +0.2%. Core personal consumption expenditures increased just +0.1% month-over-month, in-line with expectations.