US stocks rose for a second week, sending benchmark indexes to 32-month highs, as takeovers, a rebound in retail sales and Egyptian President Hosni Mubarak’s resignation bolstered investors’ optimism. American Express Co advanced 6.7 per cent to lead gains in the Dow Jones Industrial Average. The S&P 500 rose 1.4 per cent to 1,329.15. The Dow added 181.11 points, or 1.5 per cent, to 12,273.26.
The S&P 500 has advanced 5.7 per cent this year as better- than-forecast economic data and company earnings boosted confidence in the economic recovery, while the Federal Reserve continued its program of buying $600 billion in Treasuries.
