Weekly Market Recap:

U.S. equities closed higher, with the Dow up 0.55%, S&P 500 up 1.01%, and Nasdaq gaining 1.13%. The Russell 2000 increased by 0.67%. The market ended mixed for the week but mostly higher for August. Top performers included big tech names like Amazon (AMZN), Nvidia (NVDA), Tesla (TSLA), and sectors like semiconductors, tech hardware, and banks. Energy and media were among the laggards.

Gold dropped 1.3%, Bitcoin fell 1.5%, and WTI crude declined 3.1% after news that OPEC+ plans to increase production.

Notable Gainers:

• MongoDB (MDB) +18.3%

• Intel (INTC) +9.5%

• Marvell Technology (MRVL) +9.2%

Notable Decliners:

• Elastic (ESTC) -26.5%

• Alnylam Pharmaceuticals (ALNY) -8.5%

• Ulta Beauty (ULTA) -4.0%

This Labor Day weekend marks a historic milestone, with 17 million passengers expected to fly, making it the busiest holiday travel period ever recorded at U.S. airports. This surge in travel is more than just a rush for last-minute getaways—it reflects significant economic trends. The record-breaking figures cap off an unprecedented summer for the travel industry. The Transportation Security Administration (TSA) reported its 10 busiest days ever this summer, showing that consumer demand for travel remains strong despite economic uncertainties. However, this surge has exposed vulnerabilities in the airline industry, with thousands of flight delays and cancellations this weekend alone. Domestic travel is up 9% from last year, driven by rising international costs and a 30% increase in visitors to top destinations like Seattle. Meanwhile, gas prices have dropped to $3.35 per gallon, easing costs for road travelers. While the travel boom benefits local economies, it also highlights the need for the industry to adapt. As airlines face operational challenges and shifting travel dynamics, there's a growing urgency to improve efficiency and rethink strategies for sustainable growth.

Next Week:

Notable Earnings:

• Tuesday (9/3)

  • Zscaler Inc. (ZS)

  • GitLab Inc. Cl A (GTLB)

• Wednesday (9/4)

  • Dollar Tree Inc. (DLTR)

  • Hewlett Packard Enterprise Co. (HPE)

  • Hormel Foods Corp. (HRL)

• Thursday (9/5)

  • Broadcom Inc. (AVGO)

  • NIO Inc. ADR (NIO)

  • DocuSign Inc. (DOCU)

• Friday (9/6)

  • Big Lots Inc. (BIG)

  • ABM Industries Inc. (ABM)

Notable Ex-Dividend Dates:

• Tuesday (9/3)

  • Equifax (EFX) 0.53%

  • McDonald’s (MCD) 2.66%

  • NIKE (NKE) 2.00%

• Wednesday (9/4)

  • Texas Roadhouse (TXRH) 1.46%

  • The Cigna Group (CI) 1.64%

• Thursday (9/5)

  • H&R Block (HRB) 2.61%

  • La-Z-Boy (LZB) 2.00%

• Friday (9/6)

  • Air Lease (AL) 2.10%

  • Bank of America (BAC) 2.46%

*Dividend Aristocrat