S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

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.  

In fact, based on today’s CPI numbers, the odds of the Fed holding rates steady this month surged today to 83.4% vs 58.3% just yesterday. But the big banks doing so well was the market’s way of taking the temperature of consumer health and the result is good news. Volume at 16.38 billion is still way below the 21.66 average. 

DJ: 52,498.64  -138.37        NAS: 25,873.18  -408.43        S&P: 7,515.34  -60.06           7/13

DJ: 52,508.27  +9.63           NAS: 26,107.01  +233.83       S&P: 7,543.59  +28.25          7/14

Tue 7-14-26 5:00 pm S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings | Reuters