U.S. Stocks Fluctuate As AIG’s (AIG) $15.5 Billion Unit Sale

Bloomberg reports that U.S. stock movement was volatile, as financial shares gained following American International Group’s (NYSE: AIG) announced sale of American Life Insurance Co. to MetLife Inc. (NYSE: MET), while FMCG companies like Procter & Gamble Co. (NYSE: PG), and pharma cos like Pfizer Co. (NYSE: PFE) declined the most among 10 groups in S&P’s 500 index.

Hewlett-Packard Co. (NYSE: HPQ) fell after reporting that Q1 profits decreased by 3 cents. The S&P 500 fluctuated between gains, and losses, and was up less than 0.1% at 1,139.31 at 10:07 a.m., New York time.

U.S. stocks advanced last week for the third time in four weeks after employment, and consumer spending reports indicated that economic growth will extend a yearlong rally.