U.S. markets likely to see July import and export prices rise

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U.S. markets likely to see July import and export prices rise

The major futures indexes suggest a gain of 0.1% when the opening bell ring on Wall Street.

The week will end with one more inflation-related report in the form of import and export prices for July.

Prices of imported goods likely rose 0.6%, below the June 1.0% gain. Export prices are expected to rise 0.8% in July, secondly below the prior month's advance of 1.2%.

The University of Michigan will release the preliminary consumer sentiment index for August. The final estimate is 81.2, unchanged from July's rational reading.

In Asia, Tokyo’s Nikkei 225 gained 0.1%, the Hang Seng in Hong Kong dropped 0.6% and China’s Shanghai Composite Index lost 0.2%.

On Thursday, traders worked through a mixed picture of economic data. At the same time, inflation rose in July a higher than expected 1% inflation of wholesale level, matching the rise from the prior month, making it the best price to buy in 1 month.

The S&P 500 rose 0.3% to 4,460. 83, its third all-time high in sales history. Several big technology stocks, including Apple, rose in chipmakers and countered weakness in advanced industrial firms and energy companies.

The Dow Jones Industrial Average added more than 0.1% to 35,499. 85 The Blue Chip index also set its third high in three days. The tech-heavy Nasdaq edged up 0.3% to 14,816. 26

After the markets closed, The Walt Disney Company reported better than - expected quarterly results. Shares reported 5% of sales in extended trading.

The entertainment giant exceeds Wall Street expectations, posting a quarterly profit of $923 million, or 50 cents per share, compared with a loss of $4.7 billion, or $2.61 per share a year ago.

Adjusted for one-time items, the company earned 80 cents per share, compared to 8 cents a year ago, topping Wall Street's estimate of 55 cents. The company's revenue in the third quarter was $17.02 billion, compared to $11.78 billion a year ago, beating Wall Street's forecast of $16.76 billion. In the energy markets, benchmark U.S. crude lost 36 cents to $68.73 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the price standard for international oil, gave up 30 cents to $70.99 per barrel in London.