US Stocks Rise Amid Cyprus Debt Crisis
Solution to the crisis still left wanting
U.S. stocks rose, snapping a three- day decline in the Standard & Poor's 500 Index, as euro-area leaders weighed options for Cyprus and investors awaited the Federal Reserve's monetary policy decision.
Adobe Systems Inc. climbed 3.6 percent as the software maker reported sales and profit that exceeded analysts' estimates. BlackBerry added 5.5 percent after Morgan Stanley raised its rating on the Canadian smartphone maker. Lennar Corp. (LEN) gained 0.7 percent after posting first-quarter earnings that beat projections. FedEx (FDX) Corp. slumped 4.4 percent as it lowered its 2013 earnings forecast amid a widening customer shift to cheaper overseas shipments.