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Trade Desk ( TTD ) falls on downbeat Q1 revenue forecast

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Deere falls after missing quarterly revenue estimates

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Indexes up: Dow 0.08%, S&P 500 0.16%, Nasdaq 0.37%

(Updates for market open)

By Shashwat Chauhan and Sukriti Gupta

Feb 13 (Reuters) -

Wall Street's main indexes moved higher on Thursday as

investors parsed the latest producer prices data, while the

prospect of Russia-Ukraine peace talks spurred some risk-taking.

The

producer price index

for final demand rose 0.4% last month after an upwardly

revised 0.5% gain in December, the Labor Department's Bureau of

Labor Statistics said.

Economists polled by Reuters had forecast the PPI rising

0.3%. In the 12 months through January, the PPI advanced 3.5%

after increasing 3.3% in December.

"The revisions indicated higher inflation in the past,

which make today's unexpectedly high inflation number look small

in comparison," said Kim Forrest, chief investment officer at

Bokeh Capital Partners.

Yields across government bonds also turned lower after

the data, with the yield on the 10-year note last at

4.55%.

Before the report, traders of futures contracts that

settle to the federal funds rate

placed

close to a 60% chance that the U.S. Federal Reserve would

still be on hold in July, although that chance fell to about 52%

after the data.

Separately, the number of Americans filing new

applications for unemployment benefits

decreased

last week, suggesting the labor market remained stable

early in February.

A January consumer price index reading on Wednesday showed

the highest increase in prices in nearly a year-and-a-half,

underscoring the Fed's messaging that it was in no rush to

resume cutting interest rates anytime soon.

The last reading of the personal consumption expenditures

price index, the Fed's preferred inflation gauge, showed the

fastest rise in months. Persistent signs of rising inflation

could mean the central bank's policymakers will be cautious

about cutting rates at all this year.

Meanwhile, Trump said Russian President Vladimir Putin and

Ukrainian President Volodymyr Zelenskiy had expressed a desire

for peace in separate phone conversations with him on Wednesday.

He also posted on his social media platform that he would

detail the latest in a barrage of tariffs on imports to the U.S.

he has unveiled since taking office last month in a press

conference at 1 p.m. (1800 GMT).

At 9:54 a.m. ET, the Dow Jones Industrial Average

rose 35.89 points, or 0.08%, to 44,404.45, the S&P 500

gained 10.08 points, or 0.16%, to 6,061.80 and the Nasdaq

Composite gained 73.49 points, or 0.37%, to 19,723.45.

Seven of the 11 S&P 500 sectors traded higher, with

consumer discretionary and materials being

the top gainers.

Megacaps were mixed, although Tesla and Nvidia ( NVDA )

outperformed with a rise of 3.2% and 1.3%.

Trade Desk ( TTD ) dropped 31.4% after the ad tech firm

forecast its first-quarter revenue below analysts' estimates.

Cisco Systems ( CSCO ) added 2.4% after the

network-equipment maker raised its annual revenue forecast,

while Robinhood Markets ( HOOD ) jumped 11.9% as the trading

platform beat fourth-quarter profit expectations.

Deere fell 3.3% after the world's largest

farm-equipment maker's quarterly revenue slumped 35% and missed

analysts' expectations.

Advancing issues outnumbered decliners by a 2.56-to-1 ratio

on the NYSE and by a 1.61-to-1 ratio on the Nasdaq.

The S&P 500 posted 21 new 52-week highs and seven new

lows, while the Nasdaq Composite recorded 63 new highs and 38

new lows.