Inflation data pushed the indices higher. Software developers are under pressure again

All three major U.S. stock indices rose on Tuesday, July 14, following the release of weaker-than-expected inflation data for June. A rebound in semiconductor stocks provided additional support to the market, but software stocks are now under pressure following IBM’s warning of weak results.

— The S&P 500 broad-market index rose 0.38%.

— The Dow Jones Industrial Average, a "blue-chip" index, barely managed to stay in positive territory, gaining a modest 0.02%.

— The Nasdaq Composite technology sector index posted the strongest gain, rising 0.9%.

— The Russell 2000 Small- and Mid-Cap Index rose 0.4%.

— Brent crude oil futures rose more than 2% to $84.73 per barrel, while WTI crude oil futures rose to $79.34 per barrel. Brent posted its strongest two-day gain since mid-March, according to MarketWatch.

— The dollar weakened by 0.29% against a basket of other world currencies.

— The price of gold rose by 1% — to about $4,050 per ounce.

— Bitcoin rose nearly 4% over the past day, reaching $64,500 per token.

This news story is being updated

This article was AI-translated and verified by a human editor