{"id":31283,"date":"2026-07-15T16:28:42","date_gmt":"2026-07-15T16:28:42","guid":{"rendered":"https:\/\/www.europesays.com\/netherlands\/31283\/"},"modified":"2026-07-15T16:28:42","modified_gmt":"2026-07-15T16:28:42","slug":"nasdaq-continues-rally-as-paypal-climbs-on-bid-blackrock-earnings-impress","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/netherlands\/31283\/","title":{"rendered":"Nasdaq continues rally as PayPal climbs on bid, BlackRock earnings impress"},"content":{"rendered":"

\"Nasdaq<\/a> Nasdaq continues rally as PayPal climbs on bid, BlackRock earnings impress Proactive uses images sourced from Shutterstock 12:05pm: More impressive bank earnings <\/p>\n

Morgan Stanley (NYSE:MS)<\/a> (Morgan Stanley (NYSE:MS)<\/a>)\u00a0reported record second quarter revenue and profit that topped Wall Street expectations on Wednesday, driven by strength across its institutional securities, wealth management and investment management businesses. <\/p>\n

The bank posted earnings per diluted share of $3.46 on net revenue of $21.35 billion for the quarter ended June 30, exceeding analysts’ expectations of $2.93 per share on revenue of $19.63 billion. A year earlier,\u00a0Morgan Stanley (Morgan Stanley (NYSE:MS)<\/a>)\u00a0reported earnings per share of $2.13 on revenue of $16.79 billion. <\/p>\n

Elsewhere,\u00a0BlackRock Inc (NYSE:BLK)<\/a> (BlackRock Inc (NYSE:BLK)<\/a>)\u00a0reported second-quarter profit that topped Wall Street estimates on Wednesday, powered by record inflows and higher fees. <\/p>\n

The world’s largest asset manager posted adjusted earnings of $13.91 per share, beating the average analyst estimate of $12.57 and up 15% from a year earlier. <\/p>\n

Revenue rose 31% to $7.08 billion, ahead of the $6.72 billion expected by analysts. <\/p>\n

11:00am: PPI slows <\/p>\n

US producer prices unexpectedly declined in June, adding to signs that inflation pressures are easing and strengthening expectations that the Federal Reserve could begin cutting interest rates in the coming months. <\/p>\n

The Producer Price Index (PPI) fell 0.3% month over month, compared with expectations for no change, while annual producer inflation slowed to 5.5% from the expected 6.2%. <\/p>\n

Core PPI, which excludes food and energy, rose 0.2% on the month, below forecasts of 0.3%, while the annual core rate eased to 4.7%, also coming in below the expected 5.1%. <\/p>\n

10am: PayPal and BlackRock lead Wall St higher at open <\/p>\n

Wall Street has opened Wednesday trading on the front foot, with investors digesting more earnings. <\/p>\n

The Nasdaq has added 0.6% in initial trades, while the S&P 500 and the Dow both climbed 0.3%. <\/p>\n

PayPal leapt 14.5% on a reported bid from that payments company Stripe and private equity firm Advent. <\/p>\n

BlackRock is among the standout S&P performers, jumping more than 7% after the world’s largest asset manager reported a record US$15 trillion of assets under management. <\/p>\n

The group attracted US$192 billion of net inflows during the second quarter as investors continued to pour money into exchange-traded funds. <\/p>\n

Elsewhere, uniform supplier Cintas rose 4.7%, while software groups Adobe and Workday were also among the leading gainers in the Nasdaq 100. <\/p>\n

8am: Nasdaq set to rally but Dow futures flat, PayPal climbs on bid report <\/p>\n

US stocks appeared set for a steady start on Wednesday as investors drew confidence from strong bank earnings and a softer-than-expected inflation report the day before, even as oil prices remained elevated following fresh US strikes on Iran. <\/p>\n

Nasdaq futures were up 0.5% ahead of the opening bell, with S&P 500 futures up 0.1%, while those for the Dow Jones were little changed. <\/p>\n

Wall Street finished mostly higher on Tuesday<\/a> after June’s consumer price data came in below expectations, easing concerns that the Federal Reserve may need to raise interest rates this month. <\/p>\n

The Nasdaq climbed 0.9% to close at 26,107.01, the S&P added 0.4% to 7,543.59 and the Dow inched 10 points or 0.02% higher to 52,508.27. <\/p>\n

European markets were weaker in Wednesday trading, however, as slower-than-expected Chinese economic growth weighed on sentiment. London’s FTSE 100 was dragged lower by miners and other cyclical stocks after China GDP expanded 4.3% in the second quarter, its slowest pace since 2023 and below the government’s 4.5%-5% target range. Germany’s DAX was down 0.8%. <\/p>\n

Oil prices were trading broadly sideways following the recent surge, with WTI crude up 0.5% at just under $80 a barrel.\u00a0 <\/p>\n

Investors were also watching PayPal, whose shares jumped over 18% in pre-market trading<\/a> after Reuters reported that privately held Stripe had teamed up with Advent International to make a joint US$53 billion takeover approach. <\/p>\n

Also, Nasdaq-listed ASML, the Dutch\u00a0semiconductor equipment maker, is set to climb around 3.5% after raising its 2026 guidance for a second time. <\/p>\n

Earnings from Johnson & Johnson (NYSE:JNJ)<\/a>, Morgan Stanley (NYSE:MS)<\/a>, BlackRock, Progressive and BNY are also out today. <\/p>\n","protected":false},"excerpt":{"rendered":"Nasdaq continues rally as PayPal climbs on bid, BlackRock earnings impress Proactive uses images sourced from Shutterstock 12:05pm:…\n","protected":false},"author":2,"featured_media":31284,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[65,5434,1056,8418,2767,571,20545,2710,13368,20544,1117],"class_list":["post-31283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-asml","tag-asml","tag-blackrock","tag-earnings-per-share","tag-federal-reserve","tag-morgan-stanley","tag-nasdaq","tag-nasdaq-100","tag-nasdaq-futures","tag-paypal","tag-posted-earnings","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/31283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/comments?post=31283"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/posts\/31283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media\/31284"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/media?parent=31283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/categories?post=31283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/netherlands\/wp-json\/wp\/v2\/tags?post=31283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}