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NEW YORK—U.S. stocks rallied in the last hour of trading to eke out slim gains, as investors weighed corporate earnings reports and shrugged off a reduced profit forecast from industrial bellwether Caterpillar CAT +1.45%.  The Dow Jones Industrial Average rose 2.38 points, or less than 0.1%, to 13345.89. The blue-chip benchmark rebounded from losses of as much as 108 points, following a 205-point drop on Friday. The Standard & Poor's 500-stock index tacked on 0.63 point, or less than 0.1%, to 1433.82. Technology shares led gains across four of the index's 10 sectors. The Nasdaq Composite Index rose 11.34 points, or 0.4%, to 3016.96.

"One thing this market has shown me is a remarkable resilience," said Uri Landesman, president of New York hedge fund Platinum Partners, which oversees more than $1 billion in assets. "The bulls have weathered every single haymaker. I would have expected it to go down, but it really hangs in there." The Federal Reserve and other central banks around the world have stepped up efforts in recent months to bolster the economy by buying bonds, helping keep returns for such assets at historic lows. Monday, the price of the benchmark U.S. Treasury note fell, pushing the yield up to 1.81%.

Caterpillar rose after the world's largest heavy-machinery maker by sales reported a third-quarter profit that topped analysts' forecasts. Caterpillar reduced its 2012 earnings and revenue outlook given a weaker-than-anticipated global economy. In other corporate news, Monster Beverage MNST -14.23%posted the biggest drop among S&P 500 components after the New York Times reported the Food and Drug Administration has received reports of five deaths "possibly linked to" an energy drink made by the company. A Monster spokeswoman said the company was not aware of any FDA reports about deaths after people consumed its popular energy drinks, aside from one pertaining to a girl whose mother is suing the company.

European markets slipped. The Stoxx Europe 600 fell 0.4% as investors digested U.S. corporate results and a meeting of European Union leaders last week about the formation of a banking supervisor for the region. Asian markets opened broadly lower in response to U.S. weakness in the previous sessions and disappointing Japanese trade data. Markets rebounded to close mixed as a lower yen helped to keep Japan's win streak alive. The Nikkei Stock Average rose 0.1% to post its sixth-consecutive gain. China's Shanghai Composite rose 0.2% while Australia's S&P/ASX 200 fell 0.7%.

October gold futures moved up 0.1% to settle at $1,725.10 an ounce. The dollar lost ground against the euro but rallied against the yen.  U.S. crude futures ended lower on Monday as the November contract expired, with concerns about a slowing global economy and an expected pipeline restart pressuring prices and offsetting supportive worries about Middle East turmoil and the potential threat to the region's oil supply.      [Wall Street Journal]

Malaysia's index futures spot month contract opened slightly  lower this morning  as investors book profits  following the market’s recent rally. The selling pressure may continue ahead of the long weekend.  Today’s Support and Resistance is located around 1655 and 1670 respectively.