US Stocks Pick Up Traction After PPI
2026-07-15 12:44
By
Andre Joaquim
1 min. read
Futures tracking US equities rose on Wednesday on signs that the war in the Middle East has not been as inflationary as feared.
Contracts for the S&P 500, Dow, and the Nasdaq 100 inched up by 0.2%.
Headline and core producer prices rose less than expected in June, aligning with the soft CPI report from yesterday and further trimming risks that the Federal Reserve could raise interest rates in their upcoming meeting.
The data offset pressure from higher energy prices on further escalation to strikes between the US and Iran.
Yields rose further, but strong earnings reports underpinned broad gains for equities.
The heavyweight AI sector was supported by strong signals from ASML, lifting AMD and Intel premarket, although volatility continued to grapple memory producers.
Meanwhile, Morgan Stanley rose 1% after posting optimistic results, joining JPMorgan, Bank of America, Citi, and Goldman Sachs in their strong reports yesterday.