| Stocks End Mixed, But Nasdaq Notches Another New All-Time High  Image: Bigstock Stocks closed mixed yesterday with the Dow and the S&P in the red, while the Nasdaq finished in the green.
The S&P actually made a new all-time high intraday, but couldn't hold on by the close. The Nasdaq, however, made another new all-time high and closed in record territory as well.
But all of the indexes made it into the record books for the month of August with the Dow seeing its best August performance (up 7.6%) since 1984; the S&P seeing its best performance (up 7%) since 1986; and the Nasdaq seeing its best performance (up 9.6%) since 2000. And all three of the indexes were up for the 5th month in a row.
The economy continues its impressive recovery. And we'll see how that's going again this week as we've got a slew of economic reports on deck, not the least of which includes today's retail sales numbers via the Redbook report, manufacturing data with the ISM Manufacturing Index, and the PMI Manufacturing report, and a look at construction with the Construction Spending report.
But the main event this week will be Friday's always important Employment Situation report. The last three months has been nothing short of spectacular when it comes to jobs. All in all, the U.S. has added 9.279 million new jobs during that time. And more job gains are expected again for August.
The economy and stocks should also get a boost as the rate of new COVID cases are on the decline nationally. Still a very serious concern. And hot spots continue to pop up. But in aggregate, this is good news, and is a positive for the continued reopening of our economy.
And as the economy continues its recovery (analysts are calling for unprecedented growth for the remainder of the year), stocks are expected to continue their historic bull market.
So make sure you're taking full advantage of it.
See you tomorrow, 
Kevin Matras Executive Vice President, Zacks Investment Research | Most Popular Articles from Zacks.com | 
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