The first session of the March U.S. stock exchanges began with strong increases for the three main index after Wall Street investors welcomed news of the successful sale of assets of 35 billion dollars from U.S. insurance company AIG. Technology companies stood at the forefront of today’s rally, while those in the financial sector is ranked among the top losers of the session. The index of the 30 largest and most traded stock companies in the Dow Jones IA U.S. rose by 0.7% to 10 392.53 points and a half hours after the beginning of the session. The broad S & P 500 advanced by 0.7% to 1 112.66 points and the Nasdaq stock exchange Nasdaq Composite index added 1.2 percent to 2 265.43 points. The news that European countries plan to support Greece is becoming clearer, also helped on the advancement of quotations, along with data showing that personal consumer spending in the U.S. rose more than expected in January. They rose by 0.5 percent on a monthly basis, while personal incomes reported lower growth of 0.1 percent compared to December. This shows that the proportion of consumption in the United States earlier this year was at the expense of savings by U.S. households. Market analysts had expected both personal income and personal spending to increase by 0.4 percent on a monthly basis.
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