U.S. Stocks Rise on Oil Rally; Constellation Brands Reports Upbeat Quarter

U.S. stocks rose slightly on Wednesday, thanks to a rally in oil prices. The closely watched commodity gained steam on hopes that the biggest oil producers will agree to a production freeze at a meeting later this month. Meanwhile, Constellation Brands (STZ) - Get Report reported earnings $1.19 a share for its most recent quarter, beating estimates by $0.05 a share. Revenue rose 14 percent year over year to $1.54 billion. Apple (AAPL) - Get Report shares were in focus as the analysts at Needham will now cover the stock. They have a strong buy rating with a $150 a share price target, citing strength and stable revenue streams in the company's iOS system. Finally, investors are gearing up the minutes of the Federal Reserve's March meeting, due to be released at 2pm Eastern on Wednesday. TheStreet's Scott Gamm reports from Wall Street.