Wall St ends higher on cool inflation data, strong earnings
By Stephen Culp and Ragini
Mathur
Wed July 15, 2026
PPI came in today confirming yesterday’s CPI that inflation is slowing down. That combined with a second day of strong Q2 reporting and the market went on another buying spree (though something very strange happened right about 11:30 that brought all three indexes crashing down into minor losses after a morning of nice gains, but quickly recovered, no explanation given.)
PPI bolstered optimism of the Fed holding rates steady this month. Yesterday, the odds of a rate hike had fallen to 17%, today to 10%. Investors were expecting hot numbers and they happily didn’t come. But now that the war is once again escalating, the inflation picture could very well change very quickly. At 16.27 billion, volume remains way below the 21.4 average.
DJ: 52,508.27 +9.63 NAS: 26,107.01
+233.83 S&P: 7,543.59
+28.25 7/14
DJ: 52,658.64 +150.37 NAS: 26,269.23
+162.22 S&P: 7,572.40
+28.81 7/15
No comments:
Post a Comment