US Stocks Hold Most Gains
2026-07-15 14:42
By
Andre Joaquim
1 min. read
US stocks were mostly higher on Wednesday amid signs that the war in Iran has not been as inflationary as feared.
The S&P 500 gained 0.4% and the Dow gained 250 points.
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.
Morgan Stanley added 1.6% after posting optimistic results, joining JPMorgan and Goldman Sachs in their strong reports.
Blackrock and other asset managers surged over 5% after their results, and J&J was flat after earnings.
In turn, hyperscalers were sharply higher with Microsoft, Amazon, and Alphabet adding over 3% after strong results from ASML.
On the other hand, the Nasdaq 100 fell 1% as memory producers plunged.