Stocks rise as Egypt, China optimism offsets valuation

NEW YORK - Stocks rose Monday, sending the Standard & Poor's 500 Index to an almost 32-month high, as optimism about Egypt's democratic transition plan and China's jump in exports overshadowed concern valuations climbed too far.

About seven stocks gained for every six that fell on U.S. exchanges. The S&P 500 advanced 0.2 percent to 1,332.32, the highest level since June 2008. The Dow Jones Industrial Average lost 5.07 points, or less than 0.1 percent, to 12,268.19.