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The Economic Times

US stocks today: US stocks rise with earnings in focus; PayPal jumps on takeover bid report

United States PayPal Inflation US Federal Reserve Kevin Warsh

Wall Street's main indexes edged higher on Wednesday, as softer-than-expected producer inflation data and a flurry of corporate earnings supported sentiment, while PayPal surged on news of a $53 billion takeover offer.

Strong results from major banks for a second straight day helped sustain an upbeat tone for the second-quarter earnings season. The S&P ‌500 financial sector ⁠gained 0.6%.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

4,000 Brigham and Women's Nurses Postpone Wednesday Strike to Vote on Hospital's Best and Final Contract Offer

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