Markets Climb Through an Iran Flare-Up as Cooler Inflation and Bank Earnings Win the Day
Stocks opened lower after Trump declared the Iran ceasefire over and a third day of U.S. strikes hit Iranian targets, but a cooler-than-expected June CPI print and solid bank earnings carried the S&P 500 and Nasdaq to gains by the close. IBM was the exception, tumbling roughly 24% on a preliminary Q