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

U.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. Nasdaq outperformed on chip gains, while JPMorgan and Goldman Sachs advanced on robust results. IBM fell on weak revenue guidance, and markets scaled back expectations of a near-term Federal Reserve rate hike.

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HCL Tech tumbles 4.5% as analysts cut price targets

HCL Technologies shares dropped significantly on Tuesday following analyst target reductions. Most foreign brokerages trimmed their price targets after the company’s first-quarter results. The Nifty