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Stocks Rise on Corporate Earnings Ahead of Fed Meeting

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U.S. stocks rose, bringing the Standard & Poor’s 500 Index within 1.5 percent of its last record, as investors dissected earnings and economic data before a Federal Reserve policy announcement tomorrow.

Amgen Inc. climbed 6.1 percent after raising its full-year forecast. T-Mobile US Inc. added 3.1 percent after boosting its estimate for subscriber acquisitions. Madison Square Garden Co. jumped 11 percent after Bloomberg News reported it’s considering splitting the company in two. Twitter Inc. sank 9.8 percent as its loss widened and user growth slowed.