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Equities were mixed on Tuesday. Large-cap technology stocks rallied and propped up the Nasdaq, which gained 0.07 percent on the day. The S&P 500 Index slipped 0.34 percent, the Russell 2000 Index 0.71 percent and the Dow Jones Industrial Average 0.76 percent.

SPDR Consumer Discretionary (XLY), SPDR Communication Services (XLC) and SPDR Technology (XLK) gained 0.29 percent, 0.26 percent and 0.05 percent, respectively, on the day. These three funds are dominated by Google (GOOGL), Facebook (FB), Netflix (NFLX), Amazon (AMZN), Tesla (TSLA) and Apple (AAPL). All of these stocks were green on Tuesday with Tesla and Netflix each up more than 2 percent. The worst performer of the bunch was Google, yet it still climbed 0.38 percent.

This holiday shortened week will see the release of few economic data reports. The biggest will be the producer price index on Friday. Economists predict a 0.6 percent increase in August, down from 1.0 percent in July.

The Job Openings and Labor Turnover Survey (JOLTS) is out on Wednesday. June’s report showed 10.1 million job openings and economists expect that number held steady in July.

Chinese shares shrugged off the deepening crisis at real estate developer Evergrande. The company has more than $300 billion in liabilities and cannot pay, sending its bonds tumbling in Shanghai. It has already started selling off pieces of the firm in a bid to repay creditors. Chinese shares still rallied. iShares China Large Cap (FXI) gained 2.36 percent with China tech companies tracking U.S. tech firms on Tuesday.

The 10-year Treasury yield bounced to 1.37 percent. Crude oil fell less than $1 to $68.35 per barrel. Natural gas pulled back to $4.57 per mmBTU after gaining more than 20 percent over the prior two weeks of trading.

The U.S. Dollar Index bounced 0.49 percent on Tuesday, bucking a two-week decline. Strength in Chinese shares helped lift iShares MSCI Emerging Markets (EEM) 0.58 percent. The developed market iShares MSCI EAFE (EFA) saw a smaller rise of 0.07 percent.

Financial markets opened the week mixed following Federal Reserve Chairman Jerome Powell’s dovish Jackson Hole speech on Friday. The Nasdaq gained 0.90 percent and the S&P 500 Index 0.43 percent, while the Dow Jones Industrial Index and Russell 2000 Index slid 0.16 percent and 0.51 percent, respectively.

SPDR Real Estate (XLRE), SPDR Technology (XLK) and SPDR Consumer Discretionary (XLC) led with increases of 1.22 percent, 1.09 percent and 0.73 percent. Investors stuck with quality stocks on Monday. iShares Edge MSCI Minimum Volatility USA (USMV) gained 0.36 percent and Vanguard Dividend Appreciation (VIG) 0.19 percent.

This week is relatively light on data, but Friday will bring the August employment report. Economists forecast a 5.2 percent unemployment rate, 720,000 net new jobs and a 0.3-percent increase in wages.

The manufacturing and service PMIs will also be released. The flash numbers from last week show a slight slowing of the pace of growth in the U.S. due to the fading of stimulus as well as concerns about the new delta variant. High frequency data from areas such as travel and restaurant visits indicates consumers are pulling back in tandem with the frequency of media mentions of the virus. Markets will focus more on reports for China, Australia and Europe, where stricter lockdown measures are in force.

Crude oil edged up to $69 a barrel on Monday, but SPDR Energy (XLE) slid 1.18 percent. Natural gas dipped 1.89 percent and First Trust ISE Revere Natural Gas (FCG) fell 1.35 percent.

The 10-year treasury yield hit 1.29 percent. It remains in a consolidation pattern between 1.40 percent and 1.10 percent. Bonds were up across the board, led by a 0.27-percent rise in iShares Barclays 20+ Year Treasury (TLT).