U.S. stocks rose Wednesday as shares of energy companies climbed with the price of oil and earnings offered fresh signs of profitability at banks. Stocks have struggled to hold a rally in recent sessions as earnings reports have provided a unclear picture of corporate health amid ongoing concerns about the slow pace of economic growth and stretched valuations. On Wednesday, better-than-expected results from Morgan Stanley and Halliburton helped put the S&P 500 on track for a second-consecutive day of gains for the first time in nearly two weeks. Energy stocks gained the most in the S&P 500, rising 2% as the price of oil climbed 2.6% after data showed a surprise reduction in U.S. crude inventories last week.
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