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On a data-heavy morning, we have results for the Consumer Price Index (CPI) and the Empire State Index, as well as a couple earnings reports from companies on the S&P 500. As for the results, some are up, some are down, and some are right where they had been earlier.
The headline CPI number was unchanged for July, as it was in June, and the core number -- which removes food and energy costs -- was up 0.1%. These were both a shade down from expectations, as were the year-over-year numbers, which were 1.4% on the headline and 2.1% minus food and energy. Analysts had expected roughly 1.6-1.7% on the headline number.
In earnings news, Target (TGT - Analyst Report) put up some healthy numbers, beating on both revenues and earnings while raising guidance for fiscal 2012. Deere & Co. (DE - Analyst Report) missed its consensus EPS estimate on weaker international agriculture business, particularly in South America. Cisco Systems (CSCO - Analyst Report) reports after the bell, which should provide another piece to the puzzle of technology trends.
Finally, Washington DC-based power investment firm The Carlyle Group (CG - Snapshot Report) has acquired that well-known bank of multimedia products, Getty Images, from Hellman & Friedman for $3.3 billion. That must be a heck of a lot of pictures of movie stars. RELATED ARTICLES