Last Week’s Highlights:

Labor data was bittersweet, as the labor force added fewer jobs than expected during July but revisions to earlier months’ data brought the unemployment rate down below 4% again. The $1,000,000,000,000 question was finally answered on Thursday when Apple became the first company in history to hit trillion-dollar market cap. Indices were slightly up across the board, with the NASDAQ leading the way.

Looking Ahead:

In the revolving door of economic indicators, inflation is up next. The producer and consumer price indexes will be released toward the end of the week, giving us a hint at how well the Fed’s rate hikes have been keeping the economy from overheating. A fairly stellar earnings season continues to wind down, with most companies having already reported strong second quarter results. Media takes the spotlight this week, as investors will put Disney, Viacom, and Fox under the microscope in a shifting landscape of established names.