US Stocks Rise as Big Tech Earnings and Cooling Inflation Boost Investor Sentiment

Wall Street opened on July 28 with a positive sentiment as investors digested encouraging news from Big Tech earnings and inflation data. The S&P 500 ticked up 0.21% with major tech companies leading the charge.

The Consumer Price Index for June showed headline inflation dropping to 3.5% year-over-year, a decline from 4.2% in May that was seen as a positive development by Federal Reserve watchers.

The drop in inflation rates sparked a reaction in risk assets, with Bitcoin opening at approximately $64,975 on July 15, a 4.4% jump from its previous open. Ethereum also posted similar gains.

This week's earnings reports from major companies like Microsoft, Apple, and Amazon will be closely watched by investors for guidance on AI spending, consumer demand, and enterprise software trends.