Stock Market Today, July 14: Growth Stocks Rally as Inflation Cools to 3.5%, Equaling 2020 Lows
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.
Today's biggest moves
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.
Tower Semiconductor (NASDAQ:TSEM) also surged after announcing a $3 billion expansion plan for advanced semiconductor manufacturing capacity in Japan, supported by $1 billion in grants from the country.
What this means for investors
Cooling inflation data helped drive “risk-on” sentiment in U.S. markets, as the Invesco S&P 500 High Beta ETF (NYSEMKT:SPHB) rose 1.7% while the Invesco S&P 500 Low Volatility ETF (NYSEMKT:SPLV) dipped 0.7%. With many analysts and the broader market largely pricing in the potential for a rate hike by the end of the year, today’s 3.5% inflation rate update may temporarily hush these talks, which is great for growth stocks, as the market showed.
Elsewhere, JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) kicked off earnings season with solid, yet mixed and unspectacular results, sending the massive banks largely sideways. Lastly, 12 states have sued to block the Paramount Skydance (NASDAQ:PSKY) and Warner Bros. Discovery (NASDAQ:WBD) merger, potentially further dragging out the slow-moving M&A deal.
Should you buy stock in Invesco QQQ Trust right now?
Before you buy stock in Invesco QQQ Trust, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco QQQ Trust wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $398,160!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,249,202!*
Now, it’s worth noting Stock Advisor’s total average return is 918% — a market-crushing outperformance compared to 209% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
See the 10 stocks »
*Stock Advisor returns as of July 14, 2026.
Citigroup is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. JPMorgan Chase is an advertising partner of Motley Fool Money. Wells Fargo is an advertising partner of Motley Fool Money. Josh Kohn-Lindquist has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group, International Business Machines, JPMorgan Chase, and Warner Bros. Discovery. The Motley Fool has a disclosure policy.
Recommended Articles
