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Here are 3 things we're watching closely in the stock market this week

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The holiday shortened week is still packed with key macroeconomic updates that will drive the stock action.

For all the hype this week heading into Nvidia 's earnings release and another important update on inflation, the stock action was pretty muted, especially given all the volatility this August: The S & P 500 closed up 0.24%, the Nasdaq Composite fell 0.92% and the Dow Jones Industrial Average ended up 0.94%. Within the portfolio, Nvidia, Salesforce, and Best Buy all reported strong quarterly results.

An employee walks through the parking lot at a Broadcom office on June 03, 2021 in San Jose, California.'s earnings release and another important update on inflation, the stock action was pretty muted, especially given all the volatility this August: The

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