CORRECTED - US STOCKS-Wall St climbs after consumer confidence data

                                
  (Changes to erases initial "losses" instead of "gains" in
first paragraph)
                                
 * Stocks rebound after data
                                
 * Monsanto cuts outlook, shares fall
                                
 * Indexes up: Dow 0.3 pct, S&P 0.2, Nasdaq 0.2
                                
 * For up-to-the-minute market news see [STXNEWS/US]
  (Adds consumer confidence data)
                                
 By Chuck Mikolajczak
                                
 NEW YORK, Aug 31 (Reuters) - Wall Street erased initial
losses and moved higher on Tuesday as a string of economic data
helped relieve investor anxiety about the strength of the
economic recovery.
                                
 U.S. consumer confidence rose modestly in August, lifted by
a mild improvement in the short-term outlook, but business
activity in the U.S. Midwest registered a slowdown in August,
growing a bit less than economists expected, according to a
private report released on Tuesday. For details, see
[ID:nN31236324] and [ID:nN31183001]
                                
 "Confidence was a little better. That PMI coming almost in
line gave us a little bit of relief too," said Kevin
Kruszenski, head of listed trading at KeyBanc Capital Markets
in Cleveland.
                                
 "Between what we saw with new home sales, construction
spending, the Philly Fed being weak, that sort of pointed to a
lower PMI, at least sentiment appeared that way."
                                
 Earlier, the Standard & Poor's/Case Shiller home price
indexes showed prices of U.S. single-family homes rose more
than expected in June and was up in the second quarter,
reflecting the lingering boost from homebuyer tax credits that
ended in April. [ID:nNLLUJE6EG]
                                
 The Philly Fed, a reading of manufacturing activity in the
Mid-Atlantic region and U.S. housing starts for July were both
datapoints that came in below expectations during the month of
August.
                                
 The Dow Jones industrial average <.DJI> gained 27.32
points, or 0.27 percent, to 10,037.05. The Standard & Poor's
500 Index <.SPX> rose 2.31 points, or 0.22 percent, to
1,051.23. The Nasdaq Composite Index <.IXIC> added 3.73 points,
or 0.18 percent, to 2,123.70.
                                
 Before stocks rebounded, the S&P 500 neared 1,040, a key
support level that has been successfully defended twice last
week. Even with Tuesday's advance, the benchmark index was on
track to close out August with its third loss in the last four
months.
                                
 Monsanto Co <MON.N> dropped 5.2 percent to $53 after the
seeds maker forecast full-year 2010 earnings below
expectations. [ID:nN31227644]
                                
 Deere & Co <DE.N> rose 0.7 percent to $63.45 after a deal
to sell its wind power business to electric utility Exelon Corp
<EXC.N> for about $860 million. Exelon was down 0.5 pct to
$40.31. [ID:nSGE67U0GG]
                                
 Later Tuesday, the Federal Reserve releases minutes from
its policy meeting on Aug. 10, when it endorsed a more dovish
monetary posture, citing a willingness to "reinvest" in
monetary accommodation. Last week, Fed Chairman Ben Bernanke
said in a speech the recovery had weakened more than expected.
  (Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)