Stocks rose on Wednesday, led by bank shares, after solid quarterly earnings from Morgan Stanley and Wells Fargo.
Wells Fargo & Co
However, Boeing Co
(Earnings) haven't been phenomenal, but the market hangs in there with good in-line earnings said Todd Leone, head of listed trading at Cowen & Co in New York.
The Dow Jones industrial average <.DJI> gained 50.41 points, or 0.50 percent, to 10,091.89. The Standard & Poor's 500 Index <.SPX> added 7.01 points, or 0.64 percent, to 1,098.07. The Nasdaq Composite Index <.IXIC> climbed 20.26 points, or 0.94 percent, to 2,183.73.
(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)