Stock indexes close higher; S&P 500 up 0.38%
On Wednesday, all three major stock indexes closed modestly higher despite semiconductor weakness. PayPal surged after reports of a $60.50 per share acquisition offer from Stripe and Advent International, a 28% premium to its previous close. Solid bank earnings from BlackRock and Morgan Stanley added momentum. Cooler-than-expected inflation data eased pressure on the Federal Reserve to raise rates soon. The S&P 500 gained 0.38%, Nasdaq rose 0.62%, and Dow increased 0.30%.
14 JUL 2026
— Economic Times
The Nasdaq outperformed the Dow, gaining 0.91%, while the Dow rose only
15 JUL 2026
· THIS STORY — Economic Times
US stock indexes closed higher on Wednesday, driven by PayPal's surge following a potential acquisition offer and strong bank earnings, amidst easing pressure on the Federal Reserve to raise rates.
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