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Wall Street ended the week higher, as a series of positive earnings from major S&P 500 companies kept investors in a buying mood.
Earlier market optimism faded as Wednesday wore on and a financials rally gave way to a selloff in Dow Jones Industrial Average component IBM and energy shares.
The S&P 500 hugs the flatline on Wednesday afternoon as a selloff in crude oil prices and energy shares counters better-than-expected earnings from Morgan Stanley.
Earnings drive markets again on Wednesday with IBM dragging on the Dow Jones Industrial Average and Morgan Stanley driving financials, and broader markets, higher.