The markets struggled to find direction today as investors had plenty of news to take into consideration on the economic front.
US consumer prices which were flat in July, according to the Labor Department. Economists surveyed by Reuters were expecting a 0.2 percent rise in the index.
The National Association of Home Builders is reporting that homebuilder confidence in the U.S. rose to a 5-year high, with a reading of 37 in August.
Meanwhile, the Federal Reserve said that industrial output in the U.S. rose 0.6 percent in July, helped in part by the auto industry.
On the earnings front, Abercrombie and Fitch (NYSE:ANF) posted second second quarter earnings which beat its lowered guidance, sending shares higher today. The teen retailer warned of a decline in same-store sales for the rest of the year.
Deere (NYSE:DE) posted earnings which fell short of expectations, due to weakness in emerging markets.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings results from Wal-Mart (NYSE:WMT) and Dollar Tree (NASDAQ:DLTR).
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