Wall Street indexes had mixed results, with the S&P 500 hitting a closing high, while the Dow Jones and Nasdaq remained flat. A Labor Department report showed a surge in producer prices in July, hinting at imminent inflation. Expectations of interest-rate cuts were tempered, with traders now anticipating a quarter-point cut in September. The Dow fell slightly, the S&P 500 rose to a new high, and the Nasdaq dipped slightly. Seven of the 11 S&P sectors declined, but recent data suggested a potential interest rate cut next month. Concerns over U.S. tariffs affecting prices and a rally in U.S. stocks arose. St. Louis Fed President and Treasury Secretary had differing views on a potential rate cut. Intel Corp rose 7.4% as talks of the U.S. government taking a stake in the company surfaced. Cisco Systems declined, while Deere & Co and Tapestry fell due to lower profit forecasts impacted by tariffs. Geopolitical focus shifts to Trump’s meeting with Putin. Trading on the NYSE and Nasdaq saw more declining issues than advancers. The S&P 500 hit new highs, while the Nasdaq saw new highs and lows. Trading volume was slightly lower than average.

Read more at Yahoo Finance: Wall Street ends flat, but S&P hits another closing high as rate-cut bets waver