U.S. Stocks Rise, Erasing S&P Loss From May 6 Plunge

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May 12 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. Stocks advanced, wiping out losses from the May 6 plunge in the Standard & Poor’s 500 Index, after pledges from the U.K. and Spain to shrink their budget deficits allayed concern the European debt crisis will curtail global growth. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

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