Wall Street extends gains, Nasdaq up 1 percent (Reuters)

NEW YORK (Reuters) ? Stocks extended their gains on Monday and the Nasdaq rose 1 percent, helped by strength in big-capitalization technology names.

The Dow Jones industrial average (.DJI) was up 62.44 points, or 0.53 percent, at 11,871.23. The Standard & Poor's 500 Index (.SPX) was up 8.33 points, or 0.67 percent, at 1,246.58. The Nasdaq Composite Index (.IXIC) was up 27.36 points, or 1.04 percent, at 2,664.82.

Among Nasdaq gainers, Apple Inc (AAPL.O) rose 1.6 percent to $399.38 and Oracle Corp (ORCL.O) added 1 percent to $32.44.

Markets opened higher as strong earnings from Caterpillar Inc (CAT.N) offset concerns European policymakers were struggling to narrow differences in tackling the region's debt crisis.

(Reporting by Ryan Vlastelica; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/europe/*http%3A//news.yahoo.com/s/nm/20111024/bs_nm/us_markets_stocks

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