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Late trading: Big tech stocks and inflation data push U.S. stocks higher

2026-07-15·newswire-us-stock-185323

Late trading: Big tech stocks and inflation data push U.S. stocks higher.

In the early morning of July 16th, Beijing time, U.S. stocks rose in late trading on Wednesday. Big tech stocks performed well. The U.S. PPI unexpectedly fell by 0.3% in June, indicating that inflation is cooling.

The Dow rose 114.10 points, or 0.22%, to 52,622.37 points; the Nasdaq rose 107.01 points, or 0.41%, to 26,214.02 points; the S&P 500 rose 18.04 points, or 0.24%, to 7,561.63 points. Investors appear to be reducing exposure to key semiconductor stocks and shifting funds to some large-cap technology stocks.

It is worth noting that and Alphabet were both up about 3%. Technology shares fell 7%, and Lam Research shares fell more than 4%. and Advanced Micro Devices fell 5% and 3% respectively. The VanEck Semiconductor ETF (SMH) fell 2%. Investors are taking stock of inflation.

New York Fed President John - "There are encouraging reasons to expect that inflation has peaked and will gradually fall back over the next few quarters," he said in a speech on Wednesday. Data released on Wednesday showed that the producer price index unexpectedly fell 0.3% in June, while economists had expected the data to be flat month-on-month.

The index also showed an annual inflation rate of 5.5%. "I don't think that rules out a rate hike because if the target is indeed 2%, these numbers are still well above 2%," said Melissa Brown, head of global investment decision research at SimCorp.

"The market today may be overreacting to some news." The PPI report comes after lower-than-expected consumer price index data released on Tuesday, boosting hopes that the Federal Reserve may not need to raise interest rates so aggressively this year. The report prompted traders to lower their expectations for near-term tightening by the Federal Reserve.

Although the likelihood of a rate hike at the central bank's July meeting has declined over the past few days, according to the CME FedWatch tool, traders still expect a rate hike later this year. They predict there is about a 60% chance that interest rates will rise by a quarter or half a percentage point by the end of the October meeting.

#Stocks #Google #Semiconductors #Fed #Nasdaq

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Late trading: Big tech stocks and inflation data push U.S. stocks higher

In the early morning of July 16th, Beijing time, U.S. stocks rose in late trading on Wednesday. Big tech stocks performed well. The U.S. PPI unexpectedly fell by 0.3% in June, indicating that inflation is cooling. The Dow rose 114.10 points, or 0.22%, to 52,622.37 points; the Nasdaq rose 107.01 points, or 0.41%, to 26,214.02 points; the S&P 500 rose 18.04 points, or 0.24%, to 7,561.63 points. Investors appear to be reducing exposure to key semiconductor stocks and shifting funds to some large-cap technology stocks. It is worth noting that and Alphabet were both up about 3%. Technology shares fell 7%, and Lam Research shares fell more than 4%. and Advanced Micro Devices fell 5% and 3% respectively. The VanEck Semiconductor ETF (SMH) fell 2%. Investors are taking stock of inflation. New York Fed President John - "There are encouraging reasons to expect that inflation has peaked and will gradually fall back over the next few quarters," he said in a speech on Wednesday. Data released on Wednesday showed that the producer price index unexpectedly fell 0.3% in June, while economists had expected the data to be flat month-on-month. The index also showed an annual inflation rate of 5.5%. "I don't think that rules out a rate hike because if the target is indeed 2%, these numbers are still well above 2%," said Melissa Brown, head of global investment decision research at SimCorp. "The market today may be overreacting to some news." The PPI report comes after lower-than-expected consumer price index data released on Tuesday, boosting hopes that the Federal Reserve may not need to raise interest rates so aggressively this year. The report prompted traders to lower their expectations for near-term tightening by the Federal Reserve. Although the likelihood of a rate hike at the central bank's July meeting has declined over the past few days, according to the CME FedWatch tool, traders still expect a rate hike later this year. They predict there is about a 60% chance that interest rates will rise by a quarter or half a percentage point by the end of the October meeting.

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