Stock Market Today, July 14: Growth Stocks Rally as Inflation Cools to 3.5%, Equaling 2020 Lows
On July 14, 2026, cooling consumer prices sparked a broad tech rebound.
Overview
As of 1:30 p.m. ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) rose 1.06% to 26,147, the S&P 500 (SNPINDEX:^GSPC) gained 0.49% to 7,552, and the Dow Jones Industrial Average (DJINDICES:^DJI) edged up 0.04% to 52,520 as cooling inflation data offset a massive slide in a major blue chip tech component.
Gold prices rose 2.23% to $4,095.00 as of U.S. market close, while the 10-Year Treasury yield climbed 0.06% to 4.62%, as Communication Services led all sectors and Energy lagged despite surging crude prices.
Details
International Business Machines (NYSE:IBM) shares plunged 24% following a preliminary second-quarter earnings warning about a squeeze on capital expenditures for memory. Meanwhile, CleanSpark (NASDAQ:CLSK) jumped 15% after securing a $6.6 billion infrastructure lease that could grow to $11.6 billion if two five-year options are exercised.
Source
Originally published at www.fool.com.