The S&P 500 rose 0.38% to 7,572.40, Nasdaq gained 0.62% to 26,269.23, and the Dow added 0.29% to 52,658.64. US stocks rose on Wednesday, lifted by gains in Big Tech, a bullish outlook from chip equipment maker ASML, and a softer-than-expected wholesale inflation reading. Apple gained 4%, hitting a new all-time high.
→ SpaceX's Starship is scheduled to launch its next critical test flight no earlier than July 16 at 6:45 p.m. ET from Starbase, Texas.
→ Traders are pricing in an 84.5% probability that the Federal Reserve will leave its benchmark interest rate unchanged at 3.50-3.75% at the July meeting.
→ PayPal Holdings skyrocketed nearly 20% in premarket trading after a report that the payments company received a takeover offer valuing it at more than $53 billion.