Futures remained mixed Wednesday after news core producer prices rose at their fastest pace in six months in July, but were buoyed by several positive earnings news from big retailers.
The producer price index rose 0.4 percent in July, according to the Labor Department, its biggest increase since January. Economists had expected a gain of 0.2 percent, according to a Reuters poll.
Among earnings, Target gained after the big-box retailer reported a better-than-expected profit, as sales perked up toward the end of the quarter.
Abercrombie and Fitch also
Also among retailers, Staples jumped after the office supply chain also beat earnings expectations, helped by their international business.
Meanwhile, Dell delivered a mixed quarterly report—beating on earnings but missing on revenue—and offered a disappointing outlook.