NY Stock Market Rises on Cooling Inflation and Bank Earnings

Cooling inflation signals and strong bank earnings propelled the New York stock market to close higher.

Inflation Gauge: Fed's Breath of Relief

■Consumer Price Index (CPI): June saw a monthly %0.4 decline, with a yearly %3.5 increase – first monthly drop since May 2020.

■Producer Price Index (PPI): Monthly %0.3 dip, yearly %5.5 rise – first monthly decline since August 2025.

■Fed officials noted that inflation has peaked and expect a gradual retreat in the coming quarters.

Big Banks Deliver Quarter‑End Gains

■Morgan Stanley: Net profit up 58% to $5.6 billion; net income rose 27% to $21.3 billion.

■BlackRock: Shares jumped %6.6 after beating Q2 expectations.

■JPMorgan Chase, Bank of America, Goldman Sachs, Wells Fargo, Citigroup: Quarterly reports bolstered market optimism.

■PayPal Holdings: Shares surged %17.2 following a joint acquisition offer from Stripe and Advent International.

Index Rally of the Day: Dow, S&P, Nasdaq

■Dow Jones: Gained +0.29% to close at 52,658.64 points.

■S&P 500: Rose +0.38% to 7,572.40 points.

■Nasdaq: Advanced +0.62% to 26,269.23 points.

Geopolitical Tension and Market Response

■The U.S. reinstated a naval blockade on Iranian ports, followed by new attacks on the country.

■While geopolitical risks remain front‑of‑mind for investors, macro data and robust corporate earnings continue to steer the market positively.

Markets are buoyed by easing inflation and better‑than‑expected bank earnings. Yet, with geopolitical uncertainty persisting, monitoring the Fed’s policy signals remains essential. Dividend champions and share‑buyback programs still present attractive long‑term value opportunities for disciplined investors.