Updated: July 15, 2025 at 9:49AM EDT

Published: July 15, 2025 at 5:56AM EDT

NEW YORK — U.S. stocks are drifting mostly higher following some mixed data on inflation and profits at some of the biggest U.S. banks.

The S&P 500 was up 0.4 per cent in early trading Tuesday and sitting a bit above its all-time high set on Thursday. The Dow Jones Industrial Average was down 42 points, and the Nasdaq composite was up 0.8 per cent.

Nvidia helped lead tech stocks higher after the chip giant won approval from the U.S. government to sell its advanced H20 computer chips used for artificial intelligence to China. Citigroup rose after reporting profits that beat forecasts.

Yuri Kageyama, The Associated Press