US Stocks Close Mixed Following PPI report

2026-07-15 20:19 By Isabela Couto 1 min. read

US stock indices closed mixed on Wednesday as support from soft inflation data offset a selloff in chipmakers.

The S&P 500 gained 0.4% and the Dow rose 150 points, while the Nasdaq 100 dropped 0.3%.

Both headline and core producer prices undershot expectations in June, reinforcing the soft CPI released a day earlier and reducing the likelihood of a Fed rate hike at its upcoming meeting.

The data helped offset concerns over higher energy prices stemming from the escalating conflict between the US and Iran.

Morgan Stanley gained 0.2% after posting upbeat results, joining JPMorgan (+1.1%) and Goldman Sachs (+1.1%) in delivering strong earnings.

BlackRock surged 6.6% following its results, while J&J (-2.7%) fell after reporting earnings.

Meanwhile, hyperscalers rallied, with Microsoft (+2.8%), Amazon (+3%), and Alphabet (+3.2%) advancing after strong results from ASML.

On the other hand, losses among heavyweight memory chipmakers and SpaceX (-0.6%) weighed on the Nasdaq.



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The Dow Jones Index rose 150 points or 0.29 percent on Wednesday to close at 52659 points. Leading the gains are Apple (3.95%), Amazon (2.97%) and Alphabet (2.94%). Top losers were Cisco Systems (-4.56%), IBM (-2.74%) and J&J (-2.69%).
2026-07-15
US Stocks Close Mixed Following PPI report
US stock indices closed mixed on Wednesday as support from soft inflation data offset a selloff in chipmakers. The S&P 500 gained 0.4% and the Dow rose 150 points, while the Nasdaq 100 dropped 0.3%. Both headline and core producer prices undershot expectations in June, reinforcing the soft CPI released a day earlier and reducing the likelihood of a Fed rate hike at its upcoming meeting. The data helped offset concerns over higher energy prices stemming from the escalating conflict between the US and Iran. Morgan Stanley gained 0.2% after posting upbeat results, joining JPMorgan (+1.1%) and Goldman Sachs (+1.1%) in delivering strong earnings. BlackRock surged 6.6% following its results, while J&J (-2.7%) fell after reporting earnings. Meanwhile, hyperscalers rallied, with Microsoft (+2.8%), Amazon (+3%), and Alphabet (+3.2%) advancing after strong results from ASML. On the other hand, losses among heavyweight memory chipmakers and SpaceX (-0.6%) weighed on the Nasdaq.
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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 were below expectations 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.
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