US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings

US markets ended higher as cooler-than-expected June CPI data eased rate hike fears, with the Fed now seen holding rates steady at the July meeting with an 83.4% probability. Second-quarter bank earnings kicked off on a positive note, with Goldman Sachs, JPMorgan Chase, and Bank of America beating estimates, while Citigroup and Wells Fargo declined. The S&P 500 gained 0.38% to 7,544.03, Nasdaq rose 0.91% to 26,109.65, and the Dow added 0.05% to 52,527.56, with IBM tumbling on a revenue warning.