Wall Street indexes flatlined and hovered near record highs as investors digested the latest batch of earnings. 

The S&P 500 index edged up 0.1%, and the tech-heavy Nasdaq Composite advanced 0.2%, as investors reviewed the latest weekly jobless claims and the producer price index reading. 

The S&P 500 index and the Nasdaq Composite closed at new highs in the previous session after cooler-than-expected inflation soothed investor anxieties. 

The Department of Treasury collected about $29 billion in "customs and excise taxes" in July, sharply higher than $8.7 billion in the month a year ago. 

Despite the sharp increase in import duties, most retailers and businesses have, for now, not passed over higher import duties to customers. But that is likely to change in the months ahead if import taxes cover more items and escalate.

To put things in perspective, total nominal retail and food services sales in July, including automobiles and gasoline, are likely to reach $725.0 billion. 

So for now, tariffs are not a big factor impacting consumer decisions, but that could change as more items face higher tariffs beginning in August. 

U.S. Stock Movers 

Cisco Systems decreased 1.3% to $69.33 despite the networking equipment maker reporting higher sales and earnings. 

Consolidated revenue increased to $14.7 billion from $13.6 billion, net income advanced to $2.8 billion from $2.2 billion, and diluted earnings per share rose to 71 cents from 54 cents a year ago.

During the fourth quarter, Cisco returned a total of $2.9 billion to shareholders through share repurchases and dividends, including the repurchase of 1.3 million shares of common stock.

Brinker International decreased 0.2% to $157.12 despite the parent company of the Chili's restaurant chain reporting an 88% jump in its earnings in the fourth quarter.

Consolidated revenue inched higher to $1.5 billion from $1.2 billion, net income jumped to $107 million from $57 million, and diluted earnings per share soared to $2.30 from $1.24 a year ago.

Comparable restaurant sales increased by 21.3%, driven by a 23.7% increase at Chili's and a 0.4% decrease at Maggiano's restaurant chains.

During the fourth quarter, Brinker returned a total of $507 million to shareholders through share repurchases.

Coherent Corp. dropped 19% to $91.91, and the advanced semiconductor and optical materials maker's results disappointed investors. 

In addition, the company announced the sale of its aerospace and defense business for $400 million to Advent Technologies Holdings. 

Ibotta Inc. dropped 34% to $22.32, and the promotion technology provider reported a decline in revenue in the second quarter. 

Revenue fell 2% to $86.0 million from $87.9 million, and net income swung to a profit of $2.49 million from a loss of $33.96 million. and diluted earnings per share was a profit of 8 cents compared to a loss of $1.32 a year ago. 

Deere & Company declined 6.5% to $480.0 after the agriculture equipment company offered a mixed outlook for the full year.