Department store earnings power Wall Street rally

U.S. stock indexes came at shouting distance from their record highs as strong results from department store chains and robust labor market data buoyed investor sentiment about economic growth. Oil prices rose nearly 2 percent, supporting the rally, after the International Energy Agency forecast crude markets would rebalance in the next few months. Strong earnings from Macy's and Kohl's kicked off the two-day department store chains' earnings on a positive note.