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Stocks Are Flat as Another Round of Positive Data Rolls In

NEW YORK (TheStreet) -- Investors digested another round of better-than-expected data on Friday morning, the latest to support a September rate hike from the Federal Reserve. That prospect was putting stocks under pressure at market open.

The S&P 500 was up 0.08%, the Nasdaq was flat, and the Dow Jones Industrial Average fell 0.01%.

Producer prices in July rose 0.2% after a 0.4% increase a month earlier, according to the Labor Department. Economists had expected a 0.1% increase. Core prices, excluding volatile items, increased 0.2%. On a 12-month basis, producer prices have fallen 0.8% on the steep decline in energy prices.

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Industrial production rose 0.6% in July as automakers increased production 10.6%, according to the Fed. Economists had expected a 0.4% industrial production increase. Production in May and June...