The Labor Day weekend has arrived.
The stock market put in a lot of work this week, thinking about and reacting to NVIDIA's (NVDA) earnings report, thinking about and reacting to the July Personal Income and Spending Report, thinking about and reacting to results from leading retailers and other high-profile technology companies, and, well, thinking about weekend plans.
It all culminated with the indices closing the week mixed and looking up at the Dow Jones Industrial Average, which settled the week and month at a new record high.
A summation of this week's market action is below.
S&P 500: +0.2% for the week.... +18.4% YTD
Nasdaq Composite: ‐0.9% for the week... +18.0% YTD
S&P Midcap 400: ‐0.1% for the week... +11.1% YTD
Dow Jones Industrial Average: +0.9% for the week... +10.3% YTD
Russell 2000: ‐0.05% for the week... +9.4% YTD