U.S. stocks opened higher on Wednesday as oil prices moved closer to $50 a barrel. Fresh data showed U.S. crude inventories continue to fall. Meanwhile, Greece reached a deal with the International Monetary Fund, securing $11.5 billion in fresh loans on Wednesday. In July 2015, Greece defaulted on a $1.7 billion payment to the Washington-based fund. Wednesday's deal comes in addition to the $96 billion bailout program Greece agreed to last summer, which capped months of drama that rocked global markets. Wells Fargo (WFC) shares were in focus after the banking giant cut its profit targets for the next two years. Return on equity, a key profitability gauge for banks, is expected to stand between 11 percent and 14 percent, compared to a previously anticipated 12 percent to 15 percent. Hewlett Packard Enterprise (HPE) shares surged some 13 percent Wednesday after announcing plans to sell its enterprise services division to Computer Sciences (CSC) . TheStreet's Scott Gamm reports from Wall Street.
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