$NVDA Earnings and Jackson Hole Headline a Packed Week for Markets

Investors face another busy week with $NVDA set to report earnings Wednesday in a key test of the AI trade, following mixed results from other "Magnificent Seven" companies this quarter. The S&P 500 ($SPX) closed Friday up 0.4% but finished the week down 1.4%, while the Dow ($DJI) rose 1% for a weekly loss of 0.9%, and the Nasdaq ($IXIC) gained 0.4% but fell 2% on the week.
Retailers including DICK'S Sporting Goods ($DKS), Five Below ($FIVE), Urban Outfitters ($URBN), Bath & Body Works ($BBWI), Ulta Beauty ($ULTA), Dollar General ($DG), and Dollar Tree ($DLTR) will report earnings throughout the week, offering insight into consumer spending trends.
On the economic front, the Fed's preferred inflation gauge, the PCE price index, arrives Wednesday alongside second-quarter GDP data, helping shape expectations for the Fed's September policy meeting. Economists and central bankers will also convene at the Jackson Hole Symposium. Meanwhile, Bitcoin reclaimed levels above $70,000 last week, its highest since late May, aided by renewed crypto legislation efforts and the Treasury Department's surprise expansion of its long-term debt buyback program.