Stocks End Mixed, But Within Striking Distance Of All-Time Highs  Image: Bigstock Stocks were mixed yesterday with the Dow and the S&P down a bit, while the Nasdaq and small-cap Russell 2000 were up. (The Russell led the way with a 1.43% gain.) Last week's Employment Situation report helped underpin stocks yesterday. In spite of coming in under expectations at 559K new jobs vs. estimates for 650K, it clearly showed the jobs market is improving. With more jobs available than there are people to fill them, the jobs market is only expected to grow stronger. In other news, it was great to hear that U.S. investigators recovered the majority of the ransom that was paid to the hackers of Colonial Pipeline. The cyberattack, which temporarily caused supply shortages on the east coast a couple of weeks ago, spooked the market and showed just how vulnerable some of our institutions are to cyber criminals. It was also great to hear that Biogen's Alzheimer's drug, Aduhelm, was approved by the Food and Drug Administration yesterday. The drug has reportedly received mixed reviews. But it's a great first step in the fight against a cruel and debilitating disease. The stock was up 38.34% on the news. On the economic report front today, we'll get the NFIB Small Business Optimism Index, the International Trade in Goods and Services report, the Rebook report on retail sales, and another look at the jobs market with the Job Openings and Labor Turnover Survey (JOLTS) report. Stocks are within striking distance of their all-time highs. With full year GDP expected to come in at the fastest pace in 37 years, and the belief that we could be at the beginning of a multiyear boom, stocks look poised to soar. So make sure you're taking full advantage of it. See you tomorrow,  Kevin Matras
Executive Vice President, Zacks Investment Research | 
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