Nasdaq 100 Climbs on Softer June PPI Print; MS Up 1.60%
What happened
The Nasdaq 100 added to recent gains on July 15 after U.S. June Producer Price Index data printed cooler than consensus forecasts. The softer inflation reading reduced near-term rate-path pressure, lifting broad equity indices. Morgan Stanley shares rose 1.60% to $230.44 in the session, moving in line with the broader financials-led advance. Market breadth confirmed the risk-on tone, with 62.7% of issues advancing across exchanges.
The QL Read
MS carries a composite signal score of 63/100, and today's 1.60% move is unfolding against constructive tape conditions — 62.7% advancing breadth and a PPI-driven easing in rate-path expectations that historically correlates with stronger capital-markets activity. Fed commentary in the coming sessions will be watched for any pushback on the disinflation read.