ASML lift cushions markets as memory-chip slide weighs on tech

Stocks edged higher as the Dow rose about 0.3%, the S&P 500 about 0.4%, and the Nasdaq roughly 0.6% after ASML lifted its annual sales forecast and signaled expanded chipmaking capacity, even as memory-chip names Micron and SK Hynix slid more than 7%. On the data front, wholesale inflation cooled in June ahead of CPI data, helping ease inflation pressures amid a busy earnings season with Morgan Stanley, BlackRock and Johnson & Johnson reporting before the bell and United Airlines after the close.