Market Optimism Soars as Wall Street Rides High on Inflation Data and Anticipated Earnings

U.S. stocks closed higher as investors awaited key inflation reports and the start of second-quarter earnings. Financial shares gained, with JPMorgan rising after an upgrade and ahead of its quarterly results. The S&P 500 is up 15% for the year, with technology leading the gains. Wall Street banks are expected to report higher profits for Q2. Activision Blizzard and Salesforce were among the top gainers, while Amazon's "Prime Day" event also contributed to the positive sentiment.