Market Updates: First Solar (NASDAQ:FSLR), S&P 500 Index (SPX), American International Group (NYSE:AIG), Bank of America (NYSE:BAC)

First Solar (NASDAQ:FSLR) rose 3% to $128.63 as the top gainer among energy stocks in the S&P 500 Index ( SPX) . The solar panel manufacturer drew an upgrade to buy at UBS. First Solar was also the fifth-highest gainer among all S&P 500 stocks. Oil rig maker Helmerich & Payne Inc. –MarketWatch The Federal Reserve is planning to reduce its credit line to American International Group (NYSE:AIG) by about $3.6 billion, indicating growing confidence that the insurer can decrease its reliance on the public sector.  The terms of AIG’s 2008 rescue indicated that when the company paid down the credit line, it would reduce the amount of credit available. Last year, the Fed made an exemption on $3.6 billion of money from asset sales. Now it has decided that…