Dow, S&P 500, Nasdaq extend gains as ASML buoys AI trade, earnings roll in
US stocks rose Wednesday as ASML lifted its annual sales forecast, signaling strong AI demand and plans to boost chip equipment production by 30%. The Dow rose 0.2%, S&P 500 gained 0.3%, and Nasdaq added 0.6%. Wholesale inflation slowed more than expected in June, following Tuesday’s cool CPI data. Gains offset pressure from rising oil prices after Trump threatened intensified attacks on Iran. Investors await the Fed’s Beige Book and Fed Chair Kevin Warsh’s Senate testimony. Major earnings reports include Morgan Stanley, BlackRock, Johnson & Johnson, and United Airlines.
