US stock futures mixed after narrowly mixed close
The producer price index, which measures wholesale prices, rose 0.9% in July from June, when it was unchanged. That was above the 0.2% economists polled by Dow Jones had expected and the largest monthly gain since June 2022. The jump was partly because of tariffs, economists said, and makes a September rate cute more uncertain.
Before the market opens, investors will see July retail sales for clues as to whether consumer spending is slowing.
At 6:20 a.m. ET, futures tied to the blue-chip Dow rose 0.59%, while S&P 500 futures added 0.03% and tech-heavy Nasdaq futures fell -0.19%.
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Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.
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