Market Open: Stocks & Oil Higher; Morgan Stanley, BlackRock Beat • 7/15/26

Watch on YouTube ↗  |  July 15, 2026 at 14:43  |  3:54  |  CNBC
Speakers
Meghan Shue — Chief Investment Strategist, Wilmington Trust
Jessica Ettinger — Anchor, CNBC
Dan Murphy — CNBC International Correspondent (Dubai)

Summary

Wall Street opened higher despite US-Iran tensions and a standstill in the Strait of Hormuz. Wilmington Trust's Meghan Shoe said tech demand outstrips supply, keeping the sector's earnings outlook strong, while non-tech growth is modest but historically reasonable, making the overall earnings picture solid. BlackRock and Morgan Stanley posted strong results, oil rose near $80, and PayPal shares jumped on a report that Stripe and Advent may buy it.

  • Stocks open higher, Dow up on 3M strength, S&P 500 and Nasdaq also gain.
  • US launches new attacks on Iran; Hormuz ship traffic nearly halted.
  • Wilmington Trust: tech demand exceeds supply, non-tech earnings historically reasonable, overall earnings outlook solid.
  • BlackRock beats estimates, Morgan Stanley posts record quarterly profit.
  • PayPal shares jump on report of potential acquisition by Stripe and Advent at $60.50/share.
  • Oil at one-month highs near $80; US not tolling ships through Hormuz.
  • NY imposes one-year ban on new AI data center construction; Meta sued over AI-driven job cuts and alleged discrimination.
Ideas
Meghan Shue Chief Investment Strategist, Wilmington Trust 0:46
Tech demand exceeds supply, bullish outlook.
Demand for tech continues to outstrip supply, so the earnings outlook for technology remains strong.
XLK HIGH
Meghan Shue Chief Investment Strategist, Wilmington Trust 0:46
Overall solid earnings season supports market.
Non-tech earnings growth is modest at mid to high single digits, but historically reasonable, and combined with strong tech, the overall earnings picture is very solid.
SPY MED
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This CNBC video, published July 15, 2026, features Meghan Shue discussing XLK, SPY. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Meghan Shue  · Tickers: XLK, SPY