Nasdaq futures soar 150 points: 5 things to know before Wall Street opens

• PayPal received a $60.50 per share takeover proposal backed by $50 billion in committed financing, representing a 28% premium to Tuesday's close, though the company has not yet engaged with the offer
• ASML raised its 2026 sales outlook to €43-45 billion after reporting Q2 revenue of €9.33 billion, signaling sustained AI chip spending and lifting semiconductor stocks broadly
• June producer price data due at 8:30 AM ET will test whether inflation pressures continue easing, while Fed Chair Kevin Warsh's testimony will clarify rate policy with only 17% odds of a July rate hike (down from 41% pre-CPI)

Market Summary: July 15, 2026

Key Market Movements

US stock futures opened higher Wednesday, with Nasdaq-100 futures advancing 150 points (0.4%), S&P 500 futures up 0.1%, and Dow futures rising 15 points. The S&P 500 trades less than 1% below its June record after gaining over 10% year-to-date.

Major Corporate Developments

PayPal (PYPL): Received a takeover offer of $60.50 per share from Stripe and Advent International, valuing the company at $53 billion—a 28% premium to Tuesday's close. The proposal includes $50 billion in committed financing, though PayPal has not formally engaged and no deal is certain.

ASML: Shares surged after raising its 2026 sales outlook to €43-45 billion, with Q2 revenue reaching €9.33 billion. The semiconductor equipment maker's strong guidance reflects sustained AI-driven chip demand, boosting the broader semiconductor sector.

BlackRock: Reported Q2 profit jumped 20% to $1.91 billion, with assets under management reaching $15.34 trillion, driven by rising markets.

Economic Data & Fed Policy

June's softer-than-expected consumer price report reduced rate hike concerns, with traders now pricing just a 17% probability of a quarter-point increase at the Fed's July 28-29 meeting, down from 41% pre-CPI. Producer price data due at 8:30 AM ET will provide further inflation insights. Fed Chair Kevin Warsh continues semi-annual testimony at 10 AM, maintaining a cautious stance on inflation sustainability.

Risk Factors

Iran's Revolutionary Guard threatened to target US-allied export corridors, raising oil price concerns that could revive inflation fears. Morgan Stanley earnings expected at 7:30 AM, with focus on trading revenue and investment banking recovery.