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The stock market's losses were limited by some positive news from the U.S. economy. Service companies expanded in February at the fastest pace in a year, helped by a rise in orders and job growth. The Institute for Supply Management said Monday that its index of non-manufacturing activity rose to 57.3, up from 56.8 in January and the third straight increase. Any reading above 50 indicates expansion. In recent months, markets have been lifted by signs of improvement in the U.S. economy. U.S. stock indexes have been trading at their highest levels since before the collapse of the Lehman Brothers investment bank in 2008. Among other stocks making big moves: Alpha Natural Resources, a coal producer, fell 6 percent after the price of natural gas fell close to 5 percent due to weak demand for gas in a mild winter. Archipelago Learning stock soared 22.7 percent after the online education company agreed to be bought by Plato Learning for $291 million in cash, helping boost the number of customers. US Airways Group fell 8.4 percent after the airline said passenger revenue growth slowed in February, indicating it is having a tough time raising fares and fees to offset climbing oil prices. American International Group rose close to 2 percent. AIG will raise $6 billion by selling part of its stake in an Asian insurance company and pay down some of its debt to the U.S. government from a bailout during the financial crisis. AIG owed $50 billion at the end of 2011.
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