Stocks rise as Egypt, China optimism offsets valuation

ByASSOCIATED PRESS

FEBRUARY 15, 2011 08:53

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.

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