Wall Street's main indexes were mixed on Thursday with S&P 500 edging up to a closing high, while the Dow Jones and Nasdaq were flat, after a hotter-than-expected producer prices report dampened expectations of potential interest-rate cuts.

Will today’s inflation report push the Federal Reserve to cut interest rates this fall? The report shows “inflation is under control, even if not quite at target,” said Daniel Siluk of Janus Henderson Investors.