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January 29 2013, 01:51AM

US stocks have opened higher as Caterpillar's positive forecast for 2013 helped overcome its fourth-quarter 2012 earnings disappointment and pushed up the Dow.

Five minutes into trade on Monday, the Dow Jones Industrial Average was up 15.40 points, or 0.11 per cent, to 13,911.38.

The broad-based S&P 500 continued its streak of gains, adding 7.46 points, or 0.50 per cent, to 1,502.28.

The tech-heavy Nasdaq Composite Index jumped 5.31 points, or 0.17 per cent, to 3,155.02.

Caterpillar was up 2.2 per cent, as it pointed to a better 2013 amid an uncertain global outlook.