Wall Street opens mixed after soft US inflation data; IBM slumps about 22 percent

US stocks opened mixed on Tuesday, July 14, 2026, after softer-than-expected June inflation data. The S&P 500 and the Nasdaq rose at the open, while the Dow Jones Industrial Average fell under pressure from IBM. IBM shares dropped about 22 percent after weak preliminary quarterly results.

June's Consumer Price Index fell 0.4 percent from the prior month and rose 3.5 percent from a year earlier, below the 3.8 percent forecast. After the data, traders trimmed bets on a rate increase at the Fed's upcoming meeting. Second-quarter results from major US banks, including JPMorgan, Goldman Sachs, Citigroup, Bank of America and Wells Fargo, were also in focus.