Mumbai, July 17 -- The Dow advanced 231.49 points (0.5%) to 44,254.78, the Nasdaq rose 52.69 points (0.3%) to 20,730.49 and the S&P 500 climbed 19.94 points (0.3%) to 6,263.70.

Producer prices were flat in June after a 0.3% rise in May. Annual PPI growth slowed to 2.3%, easing inflation worries. The Fed is still expected to hold rates until September. Meanwhile, U.S. industrial production rose more than expected in June. This signals ongoing economic strength.

ASML shares moved sharply lower after the semiconductor equipment maker warned it may see no growth in 2026. Morgan Stanley (MS) too moved downwards despite reporting second quarter results that exceeded analyst estimates on both the top and bottom lines. Johnson & Johnson (JNJ) s...