US stocks rose as investors snapped up energy shares trading at their cheapest level in 18 months, while better-than-forecast earnings at FedEx Corp. buoyed industrial companies.

The S&P 500 advanced 7.53 points, or 0.6 percent, to 1,232.04. The Dow Jones Industrial Average added 38.19, or 0.3 percent, to 11,268.92, and the Nasdaq Composite Index climbed 18.89, or 0.9 percent, to 2,228.7.

(Bloomberg.com)