US Stocks Move Higher
2026-07-15 13:39
By
Andre Joaquim
1 min. read
US stock indices rose on Wednesday amid signs that the war in Iran has not been as inflationary as feared.
The S&P 500 gained 0.4%, while the Dow and the Nasdaq 100 were slightly above the flatline.
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 Fed 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 by 2% each, although volatility continued to grapple memory producers with Micron and Sandisk dropping 3%.
Meanwhile, Morgan Stanley rose 1% after posting optimistic results, joining JPMorgan, Bank of America, Citi, and Goldman Sachs in their strong reports yesterday.
J&J also rose after earnings.