Closing Bell: Wells Fargo Fires Managers; Wall Street Ends at Fresh Records

Wall Street ended at records for its second session in a row. Stocks benefited from a rally in crude oil that pushed the energy sector higher as well as positive earnings from world's largest retailer Walmart (WMT) - Get Report . Apple (AAPL) - Get Report traded at all-time highs after Morgan Stanley hiked its price target. The firm said it saw increased sales optimism in China, representing "outsized growth" in fiscal 2018.  Wells Fargo (WFC) - Get Report terminated four senior managers in community banking as part of its investigation into its sales practices. That investigation should conclude before its annual meeting in April. Europe's biggest bank HSBC (HSBC) - Get Report fell after posting lower-than-expected full-year earnings. Pretax profit in 2016 slid 62% from a year earlier and fell short of consensus.