At 2:45 PM (Lisbon time), the Dow Jones Industrial Average rose 0.21% to 44,114.85 points, while the S&P 500 index increased by 0.23% to 6,258.15 points.
The technology-heavy Nasdaq fell by 0.03%, reaching 20,672.04 points.
Data released today by the U.S. Department of Labor indicates that the Producer Price Index across the Atlantic rose 2.3% in June compared to the same period last year, but remained relatively stable compared to the previous month.
On Tuesday, it was announced that U.S. inflation slightly increased in June to 2.7%, while the core CPI, which excludes volatile energy and food prices, stood at 2.9%.
The rise in U.S. inflation, partly driven by tariffs announced by President Donald Trump, has reduced hopes that the Federal Reserve might proceed with more aggressive cuts in key interest rates.
During this session, investors are still digesting earnings season. U.S. investment bank Morgan Stanley reported today a net attributable result of $7.549 billion (€6.481 billion) in the first half, a 22% increase compared to the same period last year.
Meanwhile, Goldman Sachs earned $8.461 billion (€7.295 billion) in the first half, up 17.9% from the same period in 2024.
