Key facts
- US stock indexes opened higher on Wednesday, July 15.
- Softer-than-expected producer inflation data influenced investor sentiment.
- A significant number of corporate earnings reports are being evaluated.
- PayPal shares surged following a report of a $53 billion takeover offer.
- The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all opened higher.
Wall Street's main indexes opened higher on Wednesday, July 15, as investors processed softer-than-expected producer inflation data and a series of corporate earnings reports. The Dow Jones Industrial Average gained 95.9 points, or 0.18%, to 52604.2 at the open. The S&P 500 rose 28.1 points, or 0.37%, to 7571.72, while the Nasdaq Composite advanced 154.2 points, or 0.59%, to 26261.183. Adding to market movement, PayPal surged on news of a reported $53 billion takeover offer. The softer inflation data fueled expectations of a less hawkish stance from the Federal Reserve regarding interest rates. Investors were also evaluating second-quarter earnings from major U.S. banks.