U.S. stocks rose on Monday, cutting into the previous session’s sharp decline, as China’s steps to stimulate its slowing economy and as earnings, including those from Morgan Stanley, lured money back into equities. In the second industry-wide cut in two months, China’s central bank on Sunday reduced the amount of cash that banks must hold as reserves in a move to help spur bank lending and combat slowing growth. Morgan Stanley shares rose 1 percent to $37.11 after the Wall Street investment bank reported a 60 percent rise in quarterly profit and raised its dividend by 50 percent to 15 cents per share. Royal Caribbean fell 6.8 percent to $73.67 after it reported a 3.7 percent fall in revenue, saying a strong dollar hurt onboard spending by customers from outside the United States.
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