Chevron and Exxon Mobil Rising, McDonald's Rations Fries in Japan

Stocks rallied on Wall Street in midday trading Wednesday as oil prices finally move higher. The Dow was up triple digits. The S&P 500 and Nasdaq were both up about 1% as traders wait for the Fed statement at 2pm, eastern. Energy stocks are performing exceptionally well. Chevron (CVX) and Exxon Mobil (XOM) are leading the Dow higher. Both are gaining more than 3%. McDonald's (MCD) is the next biggest blue chip gainer. Separately, McDonald's in Japan in now serving only small fries. The fast-food giant started rationing its French fries Wednesday morning on a shortage due to labor disruptions in the U.S. Investors of American Apparel (APP) are cheering the termination of the company's controversial former CEO. Six months after Dov Charney was ousted, shares are jumping more than 13% on his replacement being named.