U.S. Stocks Climb as Consumer Spending Aids Confidence

March 1 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rallied, erasing the 2010 loss for the Standard & Poors 500 Index, after consumer spending topped economists estimates and American International Group Inc. sold an Asian unit for $35.5 billion. (Source: Bloomberg)
U.S. stocks posted their second day of gains thanks in part to AIG's deal to sell a unit and new optimism regarding Greece's debt problems