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U.S. Stocks Rise as Internet Shares Rally Amid Earnings

U.S. stocks rose as Internet stocks rallied for the first time in five days and results from Merck & Co. to Sprint Corp. topped estimates before a Federal Reserve decision on monetary policy.

Yahoo! Inc. and TripAdvisor Inc. jumped at least 4.6 percent to pace gains in Internet shares. Merck rose 3.6 percent as earnings were helped by cuts in spending on promotions and research. Sprint added 11 percent after sales beat estimates as the company held onto more subscribers than forecast. Coach Inc. fell 9.3 percent after sales at its North American stores plunged 21 percent amid increased competition and bad weather.