U.S. stocks closed mixed on Thursday following the release of PPI data for July. Shares of Walt Disney Co DIS jumped around 4.7% on Thursday after the company reported better-than-expected Q3 results.
Let’s have a look at the major economic reports scheduled for release today.
- Data on import and export prices for July will be released at 8:30 a.m. ET. Import prices, which rose 0.2% month-over-month in June, are expected to decrease 0.9% in July. Analysts, meanwhile, expect a monthly rise of only 0.1% for export prices.
- The University of Michigan's consumer sentiment index for August is scheduled for release at 10:00 a.m. ET. Consumer sentiment, which has remained depressed in the low 50s range, is likely to hold in the preliminary reading for August also. Analysts, however, expect a slight improvement in consumer sentiment to 52.2 for August versus July's reading of 51.5.
- The Baker Hughes North American rig count report for the latest week will be released at 1:00 p.m. ET.
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