The thin trading ahead of Labor Day weekend is here. Despite that, on Thursday, the Dow Jones Industrial Average ($INDU) notched a record-high close. The S&P 500 ($SPX) was flat, and the Nasdaq Composite ($COMPQ) closed slightly lower. Both indexes traded higher for most of the trading day, but it seemed that traders sold off on the rally in the afternoon and packed off early to take advantage of the last long summer weekend. Nvidia’s earnings are out, and all that’s remaining is Friday’s PCE Index. Since the Fed has already indicated that rate cuts are on the board, maybe the PCE isn’t such a big deal. Expect a slow day on Friday. A Closer Look at Stock Market Action It was an unusual day in the stock market. Since the Dow Jones Industrial Average closed at a record high, the Industrial sector did well. But Tech stocks, for the…
