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Stocks move higher as budget talks progress


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—American International Group rose $1.01, or 3 percent, to $34.95 after the insurer said it was selling its remaining stake in the life insurer AIA Group. The Wall Street Journal said AIG may raise as much as $6.5 billion from the sale. AIG avoided collapse in 2008 with $182 billion in support from the U.S. government — the biggest of the Wall Street bailout packages — after suffering massive losses from investments in derivatives.

—Tenet Healthcare Co. gained 55 cents, or 1.8 percent, to $31.38 after Deutsche Bank raised its recommendation on the stock to "buy" from "hold." The bank cited Tenet’s "compelling" business and financial outlook over the next 12 to 24 months.

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