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S&P 500 hits highest since June 2008

NEW YORK (Reuters) - U.S. stocks rose on Monday, boosted by merger news and rising metals prices as investors bet on a stronger global economy.

* The S&P 500 rose above resistance at 1,313.15 to hit its highest intraday level since June 2008.

* The Dow Jones industrial average <.DJI> gained 22.33 points, or 0.18 percent, to 12,114.48. The Standard & Poor's 500 Index <.SPX> gained 3.31 points, or 0.25 percent, to 1,314.18. The Nasdaq Composite Index <.IXIC> gained 3.81 points, or 0.14 percent, to 2,773.11.

(Reporting by Edward Krudy; Editing by Kenneth Barry)

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