US stocks today: US stocks end higher on cool inflation data, strong earnings

US stock indices ended higher led by cooler-than-expected PPI inflation data and strong bank earnings from BlackRock and Morgan Stanley, both of which beat profit expectations. PayPal surged after Stripe and Advent International jointly offered to acquire it at $60.50 per share, a premium of about 28 percent. Markets now price in only a 10.2 percent chance of a Fed rate hike this month, down from 31 percent a week ago, while Q2 S&P 500 earnings growth is estimated at 23.7 percent.