NEW YORK (Reuters) - The S&P 500 hit a two-week high on Monday on the back of strong earnings, while a flurry of acquisitions indicated corporate America continues to see untapped value in the market.
Based on the latest available data, the Dow Jones industrial average rose 77.18 points, or 0.43 percent, to 18,222.89, the S&P 500 <.SPX> gained 10.15 points, or 0.47 percent, to 2,151.31 and the Nasdaq Composite <.IXIC> added 52.43 points, or 1 percent, to 5,309.83.
(Reporting by Caroline Valetkevitch; Editing by Nick Zieminski)
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