Wall Street climbs after positive data

US stock indices climbed on Thursday after a batch of positive data. 

US producer prices fell 0.5% in July, compared to a 1.1% rise in June, while analysts expected a 0.2% rise, while core prices rose 0.4%. 

On a yearly basis, producer prices rose 9.8%, slowing down from 11.3%, while core prices rose 7.6%, also slowing down from 8.2%.

US unemployment claims rose 14 thousand to 262 thousand in the week ending August 6, up from a revised 248 thousand in the previous reading, while analysts expected 264K.

Continuing claims rose 8 thousand to 1.428 million from 1.420 million, missing estimates of a 7K drop to 1.407 million.

Dow Jones rose 0.9% as of 14:19 GMT to 33,612, while NASDAQ climbed 1.2% to 13,014, as S&P 500 rose 1.1% to 4,254.