<p>-
- US stocks open higher after tame inflation data. Eyes now turn to earnings season</p>
<p>Medora Lee, USA TODAY July 15, 2025 at 6:26 PM</p>
<p>U.S. stocks opened higher after June inflation remained tame.</p>
<p>Annual inflation rose 2.7% in June, in line with the average economist forecast and up from May's 2.4% rise. The so-called core rate excluding the volatile food and energy sectors, rose 2.9%,, just below forecasts for 3% and weighed down again by lower used and new car prices.</p>
<p>However, categories that are more exposed to tariffs, including toys, furniture, appliances and apparel, showed strength, suggesting companies are starting to pass higher import costs on to consumers.</p>
<p>"It's only a matter of time before more price hikes take effect, especially for cars and trucks," said Heather Long, chief economist at Navy Federal Credit Union. "Rising prices will make it harder for the Federal Reserve to cut interest rates and tougher for families living paycheck to paycheck."</p>
<p>The Federal Reserve's next policy meeting is at the end of the month, but almost no one expects the Fed to lower rates with inflation still looking muted.</p>
<p>At 9:32 a.m. ET, the blue-chip Dow edged up 0.09%, or 41.03 points, to 44,500.68; the broad S&P 500 added 0.41%, or 25.78 points, to 6,294.34, and the tech-heavy Nasdaq gained 0.81%, or 168.02 points, to 20,808.35. The benchmark 10-year yield dipped to 4.425%.</p>
<p>Separately, factory activity in the New York area surged in July, posting its first positive reading since February as shipments, inventory, optimism and employment grew, according to the regional Federal Reserve</p>
<p>Earnings season also kicks off, with JPMorgan Chase, Wells Fargo and Citigroup among the big banks that reported before the opening bell. The bar for earnings has dropped since the beginning of the year, before President Donald Trump's tariff plan. It is expected to be the weakest earnings season since mid-2023.</p>
<p>Corporate news -</p>
<p>The Trade Desk will join the S&P 500 before trading opens on Friday, July 18, according to S&P Dow Jones Indices. Shares rose 12.37%.</p>
<p>Nvidia plans to sell its H20 GPU again. "The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," it said in a blog post. Shares added 4.37%.</p>
<p>Wells Fargo's quarterly results topped analysts' forecasts but the bank lowered its net interest income guidance. Shares slipped 3.54%..</p>
<p>Citigroup's second-quarter results beat expectations. Shares added 1.72%.</p>
<p>JPMorgan Chase topped quarterly estimates, with chief executive Jamie Dimon noting the economy has been resilient and the recent tax bill that passed would be good for the economy. Shares were fractionally lower.</p>
<p>BlackRock became the world's first $12 trillion money manager, with assets up 18% from a year earlier. Quarterly earnings topped forecasts but revenue fell short. Shares dropped 5.18%.</p>
<p>Albertsons' quarterly results beat forecasts, but gross margin slipped. Shares fell 4.43%.</p>
<p>Ericsson missed quarterly sales forecasts and warned of increased uncertainty, partly due to possible tariff changes. Shares declined 4.08%.</p>
<p>FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File PhotoCryptocurrency</p>
<p>MicroStrategy said in a regulatory filing it acquired 4,225 Bitcoin between July 7 and July 13 at an average price of $111,827 per coin, or $472.5 million total.</p>
<p>Bitcoin has climbed to successive record highs over the past week, but was last down 1.57% at $117,954.20.</p>
<p>(This story was with new information.)</p>
<p>Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.</p>
<p>This article originally appeared on USA TODAY: US stocks open up, turn to earnings now after inflation comes in tame</p>
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