Stocks close mixed as tech continues gains

Traders
work on the floor of the NYSE in New York
Thomson Reuters

Stocks were mixed Thursday. Technology and retail companies
gained, while the energy and financial sectors slipped. The
dollar
rallied amid sharp declines in emerging-market currencies, and
Treasury yields fell. 

Here’s the scoreboard:

Dow Jones industrial
average: 25,508.96 −74.79
(-0.29%)

S&P
500: 2,856.82 −0.88 (-0.031%)

Nasdaq
Composite: 7,902.62 +14.29 (+0.18%)

1. 
   Washington and Ankara
   remain at odds. 
   
   Turkish
   officials returned from meetings with a delegation from the US
   Treasury and State Department without any resolution to a
   conflict over Turkey’s detention of several Americans and other
   issues. Strained relations between the NATO allies sent the
   
   lira to an all-time low. 
2. US business inflation
   moderated last month. The Labor Department
   said the producer price index, which gauges the prices
   businesses receive for their products, was mostly unchanged in
   July. Still, data showed that core PPI, a measure of underlying
   inflation excluding food and energy costs, pushed 0.3% higher
   last month, the same as in June.
3. Earnings season rolls on.Roku crushed
   Wall Street expectations. Viacom missed.
   In a report that came out a day late, Booking
   Holdings lowered its outlook. Tronc and Dropbox report
   after the bell — follow Business Insider here for live
   updates. 

And a look at the upcoming economic calendar:

• The US releases the consumer-price index. 
• GDP and trade numbers are out in the UK.