U.S. stock index futures rose due to decreasing inflation data and strong corporate earnings. The S&P 500 Futures increased by 0.2%, Nasdaq 100 by 0.8%, and Dow Jones by 0.06%. Despite geopolitical tensions, particularly ongoing military actions against Iran, investors are relying on corporate earnings to support high stock valuations. The second-quarter earnings season is seen as crucial for market momentum. Key highlights include ASML's impressive earnings from strong AI demand and significant profits reported by major banks like JPMorgan Chase and Bank of America. However, IBM faced a drastic drop in stock price due to lower-than-expected revenues. Additionally, softer June CPI data eased fears of imminent interest rate hikes, though core inflation remains high. Upcoming earnings reports are anticipated from major firms including Morgan Stanley and Johnson & Johnson.

U.S. futures rise on cooling CPI, bank beats; tech earnings to test rally

Author Ambar Warrick

Stock Markets

Published07/14/2026, 08:39 PM

Updated07/15/2026, 05:21 AM

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U.S. futures rise on cooling CPI, bank beats; tech earnings to test rally

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Investing.com - U.S. stock index futures rose on Wednesday morning, as cooling inflation data and a strong start to the corporate earnings season underpinned equity markets, offering a key test of whether corporate profitability can sustain the record-setting Wall Street rally despite brewing geopolitical risks.

S&P 500 Futures rose 0.2% to 7,607.50 points by 02:24 ET (00:12 GMT). Nasdaq 100 Futures rose 0.8% to 30,034.75 points, while Dow Jones Futures rose 0.06% to 52,823.0 points.

While broader indices have stubbornly held near all-time highs despite escalating military tensions in the Middle East - where the U.S. conducted a fourth consecutive day of airstrikes against Iran - investors are increasingly leaning on fundamental earnings to justify rich equity valuations.

This second-quarter reporting window is widely viewed by analysts as the ultimate stress test for the market’s momentum.

Market participants are looking to corporate balance sheets to confirm that robust consumer demand and structural transformations, such as artificial intelligence, can outpace the friction of global shipping disruptions and sticky, long-term global interest rates.

Optimism was fortified early Wednesday after Dutch chip manufacturing equipment giant ASML posted blowout second-quarter earnings, fueled by intense global demand for AI processing infrastructure.

As the exclusive supplier of extreme ultraviolet (EUV) lithography machines, ASML’s performance serves as an industrial bellwether, sparking a premarket lift for the wider semiconductor and technology space.

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Banks cushion IBM Tech blow

The technology sector’s underlying strength is moving back into focus after a uneven session on Tuesday. High-growth stocks rebounded to lift the Nasdaq and S&P 500, though the Dow was held back by a staggering 25% single-day crash in IBM.

The legacy technology provider spooked investors after preliminary quarterly revenues fell short of estimates, exposing a stark trend: enterprise clients are rapidly draining traditional IT and software budgets to reallocate funds exclusively into hardware-heavy AI infrastructure.

Providing a crucial counterweight to tech volatility, Wall Street’s largest banking conglomerates rolled out consensus-beating results.

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs all reported robust quarterly profits, heavily driven by a resurgence in capital markets trading and cross-border investment banking dealmaking.

Inflation Relaxes, Fed Watch Remains Alert

Market sentiment also caught a tailwind from softer-than-anticipated June consumer price index (CPI) data. The print successfully cooled immediate financial market anxiety regarding an imminent interest rate hike at the Federal Reserve’s upcoming July policy meeting.

However, underlying metrics show core inflation still tracking uncomfortably above the central bank’s annualized 2% target.

In his inaugural congressional testimony, Fed Chair Kevin Warsh struck a resolute tone, reiterating that the central bank remains fully committed to aggressively crushing structural price pressures.

The remarks served as a stern reminder to traders that monetary easing remains an extended distance away, keeping the threshold for corporate execution high.

Corporate Calendar in Focus

The corporate earnings pipeline remains dense through the morning, with Morgan Stanley, Bank of New York, and asset management giant BlackRock poised to round out the financial sector updates, alongside healthcare bellwether Johnson & Johnson.

Later in the week, corporate scorecards from UnitedHealth Group, GE Aerospace, Netflix, and Seagate Technology will provide further granular clarity on the health of the American corporate landscape.

Simultaneously, investors will keep a sharp eye on international tech supply chains, with the world’s largest contract chipmaker, TSMC, slated to publish its quarterly earnings report on Thursday.

(Ambar Warrick contributed reporting)

U.S. futures rise on cooling CPI, bank beats; tech earnings to test rally

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good luck buying stocks now, u really need it, crash is coming...

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How is futures still going up? Absolutely no fear in markets

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Apr 20, 2026•

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Name	Last	Chg. %	Vol.
MU	983.12	+4.92%	30.84M
NVDA	211.80	+4.06%	124.38M
SNDK	1,757.82	+5.01%	9.63M
IBM	217.07	-25.21%	67.44M
AMD	548.13	+2.57%	21.20M
AAPL	314.86	-0.77%	36.34M
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Name	Last	Chg. %	Vol.
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Name	Last	Chg. %	Vol.
IBM	217.07	-25.21%	67.44M
SPCX	136.08	-2.20%	46.69M
MU	983.12	+4.92%	30.84M
NVDA	211.80	+4.06%	124.38M
ORCL	127.94	-2.74%	52.67M

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Name	Last	Chg. %	Vol.
IBM	217.07	-25.21%	67.44M
BIIB	191.95	-8.17%	3.90M
NBIS	194.09	-7.80%	17.93M
HCA	363.60	-6.95%	4.23M
ISRG	379.50	-6.78%	5.75M
SYK	311.07	-6.15%	4.05M
ARM	281.17	-5.96%	8.48M

U.S. futures rise on cooling CPI, bank beats; tech earnings to test rally By Investing.com

U.S. futures rise on cooling CPI, bank beats; tech earnings to test rally

Banks cushion IBM Tech blow

Inflation Relaxes, Fed Watch Remains Alert

Corporate Calendar in Focus

Latest comments

Industry Spotlight

Trending Stocks