US stocks were mixed on Friday as Wall Street tempered its rate-cut hopes amid economic data this week that showed higher-than-expected wholesale inflation and a rise in July retail sales. A meeting between President Trump and Russian President Vladimir Putin was also in focus as traders looked for clues on how the outcome could steer markets.

U.S. stocks appear set for a cautious opening on Thursday as investors await the release of wholesale inflation data, after the consumer price index pointed to softer-than-expected inflation in July.

Wall Street's main indexes were mixed on Thursday with S&P 500 edging up to a closing high, while the Dow Jones and Nasdaq were flat, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts.

Market sentiment declines as fear and greed index falls, while Dow Jones slips 11 points and PPI increases. S&P 500 and Nasdaq close mixed.

Futures for the Dow Jones Industrial Average and other major stock indexes traded slightly lower Thursday as Wall Street awaited key inflation data, with the early release of the Producer Price Index.

Major U.S. stock-market indexes have mostly shrugged off Thursday's surprisingly hot PPI reading. But according to Tom Essaye, founder and president of Sevens Report Research, the data have helped to chip away at three key pillars supporting the stock-market rally.

The Dow on Friday was trying to close at its first record high of the year, as Wall Street has maintained steady optimism despite signs of underlying turbulence in the economy.

Market updates show muted stock index futures as investors await inflation data. Speculation on Fed rate cuts boosts equities.

Short-dated Treasury yields climbed on Thursday, while long-dated yields pulled back, after the latest batch of U.S. economic data. That caused the yield curve -- that is, the spread between short-term and long-term rates -- to compress.

Costs were sharply on the rise for producers and manufacturers in July, a sign that higher prices could soon filter down to American consumers.

Market updates show muted stock index futures as investors await inflation data. Speculation on Fed rate cuts boosts equities.