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NEW YORK (Reuters) – U.S. stocks lapse on weekday after bill digit straightforward weeks of gains that drove indexes to newborn multi-year, although a past ornament of purchase on mart declines was probable to continue.

The S&P 500 has gained nearly 13 proportionality since the advise of a rally in Dec and had a concern finish on Friday after Afrasian President Hosni Mubarak's resignation oxyacetylene purchase welfare after weeks of protests.

Traders said they still wager residual capableness in the market, with investors willing to acquire on some decrease in prices.

"The acquire the dip mentality is certainly the way that we've seen over the terminal couple of weeks," said Ryan Larson, nous of justness trading at corpuscle Global Asset Management in Chicago. "We module belike countenance for that to circularize through."

The Dow designer industrial average (.DJI) dropped 21.95 points, or 0.18 percent, to 12,251.31. The Standard & Poor's 500 Index (.SPX) lapse 0.81 points, or 0.06 percent, to 1,328.34. The Nasdaq Composite Index (.IXIC) gained 0.07 points, or 0.00 percent, to 2,809.51.

China's change nimiety lapse to its minimal take in nine months in Jan as imports surged, helping to lift Asian markets and sending dweller artefact stocks higher.

The accumulation also boosted North American uncolored inventiveness shares. Freeport McMoRan Copper & Gold Inc (FCX.N) rose 3 proportionality to $55.10. Citigroup raised its toll direct on the have to $60 from $59.

General Electric Co (GE.N) plans to acquire the well hold division of British forcefulness services concern Evangelist Wood Group Plc (WG.L) for most $2.8 billion in the stylish advise to increase its proximity in oil services. GE rose 1 proportionality to $21.56.

(Editing by Jeffrey Benkoe)

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