The S&P 500 (^INX) finished the day up 0.3% thanks to a rally in the last hour of trading.
The US producer price index came in better than expected, rising 0.8% month over month versus the 0.5% consensus. The US University of Michigan Consumer Sentiment Index was 83.9, falling short of estimates and June's final reading.
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Shares of The Boeing Company (BA) tanked as much as 7% after news that one of its Dreamliner 787 planes, which have suffered from technical problems in the past, caught on fire at London's Heathrow airport
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Italian CPI was released this morning and was in-line with expectations. European Union industrial production fell short of estimates. The FTSE 100 (INDEXFTSE:UKX) finished the day up 0.04%.
Over in Treasuries, the 10-year yield rose by 3 bps to 2.6%. Gold opened down, but rallied in late day trading to finish flat. Crude pushed 1% higher on the day, extending its recent rally to close at $106 per barrel.
Tomorrow's Financial Outlook
Chinese GDP, industrial production, and retail sales will be released Sunday night.
US retail sales and Empire State Manufacturing data will be released at 8:30 a.m. EDT on Monday morning . US business inventories will be released at 10:00 a.m. EDT .