US Equity Indexes Inch Up Ahead of Mega-Cap Banks' Earnings, Consumer Price Index

01:43 PM EDT, 07/14/2025 (MT Newswires) -- US equity indexes edged higher in midday trading Monday, ahead of Tuesday's consumer price index release and earnings from major money center banks.

The Nasdaq rose 0.4% at 20,658.5, the S&P 500 added 0.1% to 6,268.4 and the Dow Jones Industrial Average higher by 0.1% to 44,424.7. Energy, materials, and utilities declined the most intraday, while financials and communication services led the gainers.

Investors are eyeing the consumer price index report on Tuesday and the producer price index on Wednesday. Banks will also kick off the Q2 earnings season Tuesday with results from JPMorgan Chase (JPM) , Wells Fargo (WFC) , Citigroup (C) , BlackRock (BLK), and State Street (STT).

As Switzerland continues trade negotiations with the US, the European Union warned it would impose "proportionate countermeasures" if no deal is reached with the White House by Aug. 1. The warning coincided with President Donald Trump's announcement of a 30% tariff on EU goods, starting Aug. 1.

Mexico also faces a 30% US tariff, while Canada has been notified that its exports could be subject to a 35% levy.

US Treasury yields traded mixed, with the 10-year Treasury steady at 4.43% and the two-year 1.4 basis points lower at 3.9%.

The ICE US Dollar Index rose 0.3% to 98.12 intraday, while gold futures retreated 0.2% to $3,356.70 per ounce.

In energy markets, West Texas Intermediate crude oil futures dropped 1.9% to $67.14 a barrel.

In company news, Becton Dickinson's (BDX) biosciences and diagnostic solutions business has agreed to combine with Waters (WAT), the companies said Monday. The deal is structured as a Reverse Morris Trust transaction valued at about $17.5 billion. BD shareholders are expected to own about 39% of the combined entity. Becton Dickinson (BDX) shares were down 0.8%, while those of Waters fell over 11% intraday, the worst performer on the S&P 500.

Autodesk (ADSK) is no longer pursuing an acquisition of PTC (PTC), Bloomberg reported Monday, citing people familiar with the matter. Autodesk (ADSK) shares were up 5.8% intraday, the top performer on the S&P 500, while those of PTC dropped 2%.

India's Directorate General of Civil Aviation has ordered an inspection of fuel switches on all Boeing (BA) 737 and 787 aircraft operating in the country, Bloomberg reported Monday, citing a statement from the regulator. A fuel-switch cut-off is considered a key reason behind the crash of an Air India Boeing 787 Dreamliner on June 12, according to the report. Boeing (BA) shares rose 1.2%, the biggest gainer on the Dow.

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