Thursday, 16 July 2026: US equity markets firmer as investors digested another round of second quarter corporate earnings releases

Thursday, 16 July 2026: US equity markets firmer as investors digested another round of second quarter corporate earnings releases

From Morgans AM by Morgans Financial Limited

July 15, 2026 · 8 min

About this episode

US equity markets showed firmness as investors processed second quarter corporate earnings and inflation data.

US equity markets firmer as investors digested another round of second quarter corporate earnings releases and weaker-than-expected wholesale inflation figures – Dow added +150-points or +0.29% , with the four (4) members of the ‘Magnificent Seven’ cohort of mega-capitalisation stocks that sit in the 30-stock index – Apple Inc (up +4.01%), Amazon.com Inc (+3.02%), Microsoft Corp (+2.78%) and Nvidia Corp (+0.33%) – all advancing. Cisco Systems Inc (down -4.54%) was the worst performing Dow component overnight. The broader S&P500 rose +0.38% , with Communication Services rallying +2.78% to lead five of the eleven primary sectors higher. Google parent Alphabet Inc gained +3.17%. Utilities (down -0.98%) and Energy (-0.77%) sat at the foot of the primary sector leaderboard. PayPal Inc soared +17.20% to US$55.52 and paced gains in the S&P500 after Reuters reported that payments firm Stripe and private equity company Advent offered to buy the digital payments giant for US$53B or US$60.50 per share earlier this month.

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Host: Morgans Financial Limited

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Organizations: Apple Inc, Amazon.com Inc, Microsoft Corp, Nvidia Corp, Cisco Systems Inc, S&P500, Alphabet Inc, PayPal Inc, Stripe, Advent

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