{"id":433725,"date":"2026-07-15T03:02:53","date_gmt":"2026-07-14T20:02:53","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-rally-on-lower-cpi-and-trump-backing-off-hormuz-tolls-433725\/"},"modified":"2026-07-15T03:02:53","modified_gmt":"2026-07-14T20:02:53","slug":"stocks-rally-on-lower-cpi-and-trump-backing-off-hormuz-tolls","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/stocks-rally-on-lower-cpi-and-trump-backing-off-hormuz-tolls-433725\/","title":{"rendered":"Stocks rally on lower CPI and Trump backing off Hormuz tolls"},"content":{"rendered":"<div>\n<p>It was an upbeat day in the stock market as equities got a lift from three main events:<\/p>\n<ul>\n<li>US CPI lower than expected at 3.5% y\/y vs 3.8% expected<\/li>\n<li>Earnings from financials were strong<\/li>\n<li>Trump TACO&#8217;d on 20% tolls in Hormuz<\/li>\n<\/ul>\n<p>Internally, the chip battle continued and not all the financials made gains. Some of the movers:<\/p>\n<ul>\n<li>NVDA +4.1%<\/li>\n<li>GOOGL +2.1%<\/li>\n<li>MSFT -1.4%<\/li>\n<li>MU +5.0%<\/li>\n<li>GS +9.3%<\/li>\n<li>WFC -2.3%<\/li>\n<li>C -5.0%<\/li>\n<li>JPM +2.5%<\/li>\n<li>LLY -2.2%<\/li>\n<li>INTC +4.3%<\/li>\n<\/ul>\n<p>In the S&amp;P 500, there were 179 stocks up and 298 down. Tehre are no important earnings after the bell but before the open tomorrow we get ASML, which is a big one for the chip names. We also get Johnson &amp; Johnson and Morgan Stanley.<\/p>\n<p>Closing changes for the main indexes:<\/p>\n<ul>\n<li>S&amp;P 500 +0.4%<\/li>\n<li>Nasdaq Comp +0.9%<\/li>\n<li>DJIA &#8211; flat<\/li>\n<li>Russell 2000 +0.4%<\/li>\n<li>Toronto TSX Comp +0.2%<\/li>\n<\/ul>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>It was an upbeat day in the stock market as equities got a lift from three main events: US CPI lower than expected at 3.5% y\/y vs 3.8% expected Earnings from financials&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-433725","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=433725"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/433725\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=433725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=433725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=433725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}