Dow dips but Nasdaq higher after soft CPI and good bank earnings offset IBM shocker

• Wells Fargo reported strong Q2 earnings, prompting the bank to plan an 11% dividend increase and $3 billion in stock repurchases. • CEO Charlie Scharf noted that American consumer spending remains robust despite ongoing inflation concerns, though the bank is pursuing a measured growth strategy to withstand future market volatility.

• US stock futures for the Dow, S&P 500, and Nasdaq indicated a mixed opening on Tuesday, July 14. • Investors are closely monitoring the market amid elevated oil prices and the release of quarterly banking earnings.

• US stocks rose following a report indicating that inflation last month was lower than economists had initially projected. • Major financial institutions, including JPMorgan Chase, Goldman Sachs, and Bank of America, reported quarterly profits that exceeded analyst expectations.

• The Dow Jones Industrial Average posted a slight gain amid volatile trading, as cooler inflation data helped offset losses from other sectors. • Market sentiment was weighed down by a slump in IBM and mixed bank earnings, while HCA Healthcare and Virtu Financial saw significant drops of over 9% and 6%, respectively.

• The Dow Jones Industrial Average fell 0.2% on Tuesday, while the Nasdaq rose 0.9%, driven by opposing movements from two major components. • IBM experienced its worst day in 39 years with a 24.9% plunge, creating significant downward pressure on the Dow.

• Money market bets suggest the Bank of England will be forced to raise interest rates by September to combat an energy shock triggered by the war in Iran. • Market volatility is evident as the yield on 10-year gilts surged from 4.87% to 4.97% on Monday, reflecting increased borrowing costs for the UK Treasury.

• Stock futures are showing mixed results as investors await the latest Consumer Price Index (CPI) inflation data and upcoming testimony from Kevin Warsh. • Market sentiment is being weighed down by a decline in IBM shares and underwhelming earnings reports from the banking sector.

• The Nasdaq and S&P 500 rose on July 14, 2026, following the release of consumer price index data showing inflation cooled more than analysts expected. • While the broader market climbed, IBM shares tumbled after the company reported a quarterly miss in its financial results.

• Oil prices reached four-week highs and European shares declined following fresh US-Iran attacks and a blockade on Iranian shipping. • Simultaneously, the US is refunding $81 billion in tariffs after a Supreme Court ruling declared them illegal, with most payments occurring in May and June.

• OnePlus is reportedly preparing to officially shut down its operations in the United States and Europe later this week. • The move follows a period of decline marked by cancelled global product launches and internal mergers within parent company Oppo.

• The Euro rose to approximately 1.1395 against the US Dollar during Tuesday's European trading session. • This upward movement is driven by a correction in the US Dollar as markets anticipate the release of June's Consumer Price Index (CPI) data at 12:30 GMT.