{"id":4700,"date":"2026-07-15T00:45:06","date_gmt":"2026-07-15T00:45:06","guid":{"rendered":"https:\/\/horizonindexadvisors.com\/index.php\/2026\/07\/15\/dow-edges-higher-as-nasdaq-rallies-on-cooler-cpi-chip-stocks-rebound\/"},"modified":"2026-07-15T00:45:06","modified_gmt":"2026-07-15T00:45:06","slug":"dow-edges-higher-as-nasdaq-rallies-on-cooler-cpi-chip-stocks-rebound","status":"publish","type":"post","link":"https:\/\/horizonindexadvisors.com\/index.php\/2026\/07\/15\/dow-edges-higher-as-nasdaq-rallies-on-cooler-cpi-chip-stocks-rebound\/","title":{"rendered":"Dow edges higher as Nasdaq rallies on cooler CPI, chip stocks rebound"},"content":{"rendered":"
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US stocks advanced on Tuesday after a softer-than-expected US inflation report boosted investor sentiment and fueled hopes that the Federal Reserve may keep interest rates unchanged at its upcoming meeting.<\/p>\n

Gains were led by semiconductor stocks and supported by strong earnings from major US banks, while IBM weighed on the Dow Jones Industrial Average after issuing a weak profit outlook.<\/p>\n

The S&P 500 rose 0.38% to close at 7,544.03, while the Nasdaq Composite gained 0.91% to finish at 26,109.65. <\/p>\n

The Dow Jones Industrial Average edged up 0.05% to 52,527.56.<\/p>\n

Softer inflation eases Fed rate concerns<\/h2>\n

The Labor Department reported that the Consumer Price Index (CPI) fell 0.4% in June<\/a> from the previous month, while annual inflation slowed to 3.5%. <\/p>\n

Economists had expected a smaller monthly decline of 0.2% and annual inflation of 3.8%.<\/p>\n

The data prompted investors to scale back expectations for a near-term interest rate increase. <\/p>\n

According to CME’s FedWatch Tool, markets priced in an 83.4% probability that the Federal Reserve would leave rates unchanged at its July meeting, up from 58.3% a day earlier. <\/p>\n

However, traders still expect at least one 25-basis-point rate hike before the end of the year.<\/p>\n

Federal Reserve Chair Kevin Warsh also delivered his first congressional testimony since taking office, saying that “the inflation surge of the last five years will be a thing of the past.”<\/p>\n

Chip stocks rebound as IBM tumbles<\/h2>\n

Technology stocks led Tuesday’s gains after semiconductor shares rebounded from the previous session’s sharp sell-off.<\/p>\n

The VanEck Semiconductor ETF climbed around 2%, while Applied Materials and Teradyne each gained about 4%. <\/p>\n

Lam Research and Micron Technology rose roughly 5%, and STMicroelectronics advanced more than 2%.<\/p>\n

IBM, however, moved sharply lower<\/a> after warning that second-quarter profits would come in below expectations because of weak demand in its software and infrastructure businesses. <\/p>\n

Shares of the technology company fell about 25%, making it the biggest drag on the Dow.<\/p>\n

Bank earnings offset Middle East concerns<\/h2>\n

The second-quarter earnings season began with major US banks reporting results that largely exceeded expectations.<\/p>\n

Goldman Sachs surged 9%<\/a> after posting stronger-than-expected profit, supported by robust trading revenue and improved dealmaking activity. <\/p>\n

JPMorgan Chase<\/a> and Bank of America<\/a> each gained more than 2% after reporting earnings above analyst estimates.<\/p>\n

Citigroup<\/a> and Wells Fargo, however, declined despite their quarterly results as investors focused on expenses and other business trends.<\/p>\n

Meanwhile, geopolitical tensions remained in focus. Oil prices retreated from their session highs after President Donald Trump withdrew his proposal to impose a 20% fee on ships transiting the Strait of Hormuz. <\/p>\n

However, crude prices remained elevated after renewed US strikes on Iran.<\/p>\n

US crude settled up about 1.5% above $79 per barrel, while Brent crude rose 1.7% to trade above $84 per barrel, reflecting continued concerns over energy supplies despite easing inflation pressures.<\/p>\n

The post Dow edges higher as Nasdaq rallies on cooler CPI, chip stocks rebound<\/a> appeared first on Invezz<\/a><\/p>\n

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