S&P 500 rises after strong bank earnings, chip stocks rally
Oct 15 (Reuters) - The S&P 500 climbed on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent escalation of China-U.S. trade tensions.Morgan Stanley's (MS.N), shares hit a record high and were last up 5.8%, while Bank of America (BAC.N), rose 3.9% after the top lenders beat Wall Street estimates for third-quarter profit on dealmaking strength.The S&P 500 banking index (.SPXBK), rose 1.6% and was set to log its first three-day winning streak in more than three weeks.