U.S. stocks rose further during the morning of the 15th after the increase in the wholesale price index came in below expectations. Apple and other stocks also led the market ahead of earnings announcements from major companies.
In the New York market during the morning of the 15th, it was confirmed that the increase in the U.S. wholesale price index was below market expectations, supporting investor sentiment as a sign of easing inflation. Buying consequently led the market, with the Dow Jones Industrial Average and Nasdaq Composite both showing solid gains.
As of 10:15 a.m., the Dow Jones Industrial Average was up $233.08 from the previous day's close at $52,741.35, while the Nasdaq Composite was up 161.44 points at 26,268.45. The major indexes were supported by factors including solid earnings from individual companies and improved outlooks from major corporations.
Earnings reports from major financial institution Morgan Stanley, pharmaceutical giant Johnson & Johnson, and major asset manager BlackRock were among those released in succession during the day, supporting investor sentiment. Apple rose more than 3%, while Microsoft and Amazon also gained about 3%, leading the Dow higher.
Cisco Systems, meanwhile, was down around 3%. PayPal Holdings surged more than 16%, while the moves by Stripe and Advent International, which were reported to have made a joint proposal regarding the acquisition of PayPal, also provided a positive factor for buying.