S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
By Stephen Culp and Avinash
P
Tue July 14, 2026
The big banks came in today with boffo Q2 reports which oddly enough lifted tech but not so much the Dow. All three indexes closed with gains although the Dow just barely so after spending most of the day in the red. CPI also came with the good news that inflation seems to be calming with hopes now that inflation will continue to come down and thus there will be no need for a rate hike later this year. Of course, any good news on inflation is good for tech.