Tuesday, July 14, 2026 close:
- S&P 500:
7,543.59 (+0.38%)
- Nasdaq Composite:
26,107.01 (+0.9%)
- Dow Jones:
52,508.27 (+0.02%, essentially flat)
What drove it:
- A softer-than-expected Consumer Price Index report
showed inflation rose 3.5% in June year-over-year, below the 3.8%
economists expected, easing pressure on the Fed.
- Semiconductor stocks rebounded sharply after the
previous session's sell-off, with the VanEck Semiconductor ETF (SMH)
trading 2.5% higher.
- IBM shares tumbled roughly 25% after warning that
second-quarter profits would come in lower than expected due to soft
demand in its software and infrastructure businesses, dragging on the Dow.
- Big bank earnings from JPMorgan, Bank of America, Wells
Fargo, Citigroup, and Goldman Sachs showed a strong quarter for Wall
Street overall.
- Oil prices had risen earlier in the week on Middle East
tensions, though WTI crude eased after Trump dropped his demand for a 20%
"protection fee" on ships transiting the Strait of Hormuz.
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