(CNBC) -- Stocks rose on Wednesday as Wall Street cheered strong quarterly results from Morgan Stanley and CSX.
The Dow Jones Industrial Average rose 79.40 points to close at 25,199.29, with UnitedHealth and American Express outperforming. The S&P 500 climbed 0.2 percent to 2,815.62 as financials rose 1.5 percent. The Nasdaq Composite closed marginally lower at 7,854.44.
Morgan Stanley shares rose 1.8 percent after the company reported better-than-expected earnings and revenue for the previous quarter, boosted by strong trading and investment banking revenue. Bank of America, Citigroup, and J.P. Morgan Chase all closed higher as well.
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