Stocks finished Monday on a mixed note, though one of the three main indexes managed to notch a new record closing high. Following Friday's dovish speech from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium, all eyes now shift to a key inflation update and Nvidia (NVDA) earnings, both due later this week.
Indeed, the July Personal Consumption and Expenditures (PCE) Price Index will be released ahead of Friday's open. The index measures consumer spending and is the Fed's favorite inflation gauge.
