S&P 500 Rises Most in One Month as Investors Watch Budget
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U.S. stocks rose, giving the Standard & Poor’s 500 Index its biggest gain in about a month, as investors weighed prospects for a budget deal in Washington.
All 10 groups in the S&P 500 rose as financial companies gained the most, adding 2.1 percent. American International Group Inc. climbed 3 percent on plans to sell as much as $6.5 billion of AIA Group Ltd. shares. Hartford Financial Services Group Inc. jumped 3.6 percent as Sun Life Financial Inc.’s deal to sell a U.S. annuity unit raised the prospect for the insurer seeking to sell a similar business. Tenet Healthcare Corp. rose