Stocks are showing mixed performance today, with the S&P 500 and Dow Jones up, while the Nasdaq 100 is down. Positive earnings from top Wall Street banks are boosting sentiment, but chip stocks are dragging down the Nasdaq 100 due to weak guidance from ASML.

The June PPI report was better than expected, suggesting no immediate impact from tariffs on producer prices. Industrial production and manufacturing reports were slightly stronger than anticipated, while the New York Fed services index improved.

Bitcoin is up after President Trump’s support for crypto legislation, boosting hopes for favorable regulations. Mixed trade news includes tariffs on EU, Mexico, and Canada, but optimism remains for US-China trade talks. Earnings season kicks off with a focus on bank results.

Interest rates are steady, with T-notes up and European bond yields mixed. The Magnificent Seven stocks are a mix of gainers and losers, with Tesla leading the way. Bank earnings show positive results, but ASML’s cautious guidance hits chip stocks.

Cryptocurrency-exposed stocks rise on stablecoin legislation optimism. Johnson & Johnson reports strong earnings, raising full-year sales guidance. The day’s earnings reports include Prologis, Progressive, Bank of America, and more. Overseas markets are slightly lower, with key economic data and Fed policy in focus.

Read more at NASDAQ: Stocks See Support from Favorable PPI Report