U.S. stocks rose Monday, buoyed by technology-sector strength, but the Dow Jones Industrial Average saw choppy trade as a broker upgrade for Alcoa Inc. was tempered by downgrades for General Electric Co. and Home Depot Inc.
The Dow Jones Industrial Average rose 6 points to 11,966.
A lot of people missed out on the recent rally, which is leading to a sort of emotional stampede which has nothing to do with fundamentals," according to Michael Metz, chief investment strategist at Oppenheimer & Co.
Metz said the Dow Industrials are set to break through the 12,000 mark, barring any major bad news.
On the broader market for equities, advancers outpaced decliners by 19 to 10 on the New York Stock Exchange and by 8 to 5 on the Nasdaq.
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