Opening Bell: Stocks Rise as Oil Gains Steam; Amazon’s Price Target Raised

U.S. stocks rose on Tuesday as oil prices inched higher, as Canadian wildfires interrupted production. Meanwhile, Credit Suisse (CS) - Get Report posted its second quarterly loss in a row, though this loss was less than expected. Revenue fell 30 percent to 4.64 billion Swiss francs. Sales in its trading unit fell 60 percent amid volatility in global markets. The company has cut 3,500 jobs this year. Plus, shares of Amazon (AMZN) - Get Report surged after the analysts at Bernstein raised their price target on the stock to $1,000 from $770, amid strong margins in Amazon Web Services. The stock now trades near $670. TheStreet's Scott Gamm reports from Wall Street.