Mumbai, May 16 -- The Nasdaq dipped 34.49 points (0.2%) to 19,112.32, the S&P 500 rose 24.35 points (0.4%) to 5,916.93 and the Dow climbed 271.69 points (0.7%) at 42,322.75.

Labor Department report showed producer prices unexpectedly decreased in April. Its producer price index for final demand fell by 0.5% in April following a revised unchanged reading in March. Another report released by the Commerce Department showed a slight increase by U.S. retail sales in April.

The Commerce Department said retail sales crept up by 0.1% in April after surging by an upwardly revised 1.7% in March. Excluding sales by motor vehicle and parts dealers, retail sales still edged up by 0.1% in April after climbing by 0.8% in March. Ex-auto sales were expe...