Stocks Supported By Favorable Inflation News
Stocks were supported by softer inflation data and expectations for strong Q2 earnings. Bloomberg Intelligence projects Q2 earnings up about 23%. US 10-year T-notes rose after June producer prices came in below expectations. Notable movers included PayPal on a reported $53B Stripe offer, BlackRock on Q2 EPS of $13.91, and Pentair after cutting full-year adjusted EPS guidance.

