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Stocks Rise on Earnings and Inflation Data | US News
Stocks surged this week fueled by cooling inflation and strong Q2 earnings kicks off, with retail and travel soaring while semiconductors lagged. PayPal’s stock rocketed after Stripe and Advent International unveiled a $65/share buyout offer — a major premium — adding fuel to the bullish momentum. Bank earnings, especially from BlackRock and Morgan Stanley, blew past forecasts, sparking optimism for solid S&P 500 profit growth. The PPI confirmed inflation is slowing, easing Fed rate hike pressure — though Middle East tensions and Strait of Hormuz risks could reignite inflation fears. Fed…
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