The stock market shows positive momentum with tech stocks leading the way following encouraging results from chip-machine supplier ASML, which reported record orders and raised its sales guidance due to strong AI demand. Nasdaq-100 futures are up, with Applied Materials performing well in premarket trading. Asian markets also experienced gains, particularly SK Hynix, which saw a nearly 9% rise in shares. Oil prices are climbing as geopolitical tensions remain unresolved, and global bond yields are increasing. In earnings news, BlackRock reported record assets while Morgan Stanley exceeded earnings expectations. Overall, the market sentiment is upbeat as earnings season progresses.

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July 15, 2026 at 7:51am ET

Stock Market Today: Nasdaq Looks to Build on Tuesday Rally

Morgan Stanley earnings beat estimates; U.S. crude approaches $80 a barrel

Tech stocks are back on top this morning after chip-machine supplier ASML delivered an encouraging report card on the AI boom.

The Dutch company, the maker of the world’s most advanced chip-making equipment, reported record orders in its latest quarter and lifted its sales guidance for the second time, in a sign that spending to produce cutting-edge chips remains strong. Shares jumped in Europe.

Nasdaq-100 contracts are leading futures higher in the U.S., with semiconductor equipment maker Applied Materials among the biggest gainers premarket.

The mood was also upbeat in Asia, where SK Hynix’s Korean-listed shares surged nearly 9%, continuing a stretch of topsy-turvy trading.

Oil prices are also climbing as hopes of a quick resolution to the Mideast conflict fade. Global bond yields are inching up.

Meanwhile, earnings season rolls on this morning, with BlackRock reporting record assets for the second quarter and Morgan Stanley joining other big banks in posting bumper earnings.

—By Caitlin McCabe

Read Original at WSJ →