* U.S. stock indexes mixed, crude higher
* Caution grows ahead of U.S. GDP, payrolls reports
* Euro holds near 11-month high
NEW YORK, Jan 28 U.S. stock indexes were mixed
on Monday, a little more positive than those elsewhere in the
world, and oil prices rose following strong U.S. durable goods
data and earnings results from Caterpillar.
A strong start to the earnings season has boosted equities,
with major averages rising for four straight weeks. The S&P has
gained for eight straight days, its longest winning streak in
But there is wariness in anticipation of a series of
significant U.S. economic events this week, including the
initial estimate of fourth quarter GDP, the Federal Reserve's
first policy meeting of the year and January payrolls data.
Still, durable goods jumped 4.6 percent in December, a pace
that far outstripped expectations for a rise of 1.8 percent.
. And in the housing market, contracts to buy
previously owned U.S. homes unexpectedly fell in December after
three months of gains, but the recovery there remains intact.
"You can't find more of a global bellwether than Cat, and
people are pleased with the number, which suggests there could
be less concern about slowing growth in China after this," said
Wayne Kaufman, chief market analyst at John Thomas Financial in
The Dow Jones industrial average was down 14.61
points, or 0.11 percent, at 13,881.37. The Standard & Poor's 500
Index was down 3.45 points, or 0.23 percent, at
1,499.51. The Nasdaq Composite Index was up 6.11
points, or 0.19 percent, at 3,155.82.
In commodity markets Brent oil prices steadied near
a three-month high at just over $113 a barrel before the Fed's
two-day meeting that starts on Tuesday and the employment data
on Friday that should show more signs of recovery in the world's
biggest oil consumer.
U.S. light sweet crude oil rose 25 cents, or 0.26
percent, to $96.13 per barrel.
Other commodities also rose on evidence that the world's
number two economy China is now picking up pace, along with
optimism that the worst is past for the euro zone's debt crisis
worst, about Japan's efforts to revive its stagnant economy and
signs of U.S. growth.
The euro was at US$1.3457.