UPDATE 8-US STOCKS-Dow ends at record again, S&P posts 7th straight gain

Mon Mar 11, 2013 7:27pm EDT
 
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* Early weakness brings in the buyers, VIX slides

* S&P 500 touches highest intraday level since October 2007

* BlackBerry shares jump, Z10 sales to start in U.S.

* Dow up 0.4 pct, S&P 500 up 0.3 pct, Nasdaq up 0.3 pct

By Chuck Mikolajczak

NEW YORK, March 11 (Reuters) - Wall Street rose modestly on Monday, lifting the Dow to another record and giving the S&P 500 its seventh straight advance as early weakness enticed buyers. The gains briefly lifted the benchmark S&P 500 index to its highest intraday level since October 2007.

With the slight advance, U.S. stocks continued last week's rally with the Dow Jones industrial average ending at a record closing high, up 50.22 points, or 0.35 percent, at 14,447.29. The Standard & Poor's 500 Index rose 5.04 points, or 0.32 percent, to 1,556.22, just below its record closing high of 1,565.15 reached on Oct. 9, 2007.

Earlier in the session the S&P 500 climbed as high as 1,556.27 - its highest intraday level since Oct. 15, 2007.

The Dow has gained over 10 percent for the year, while the S&P 500 is up more than 9 percent.   Continued...