The markets kicked off September on a relatively quiet note, with the major indices ending the week roughly flat. The S&P 500 and Nasdaq eked out gains of +0.1% and +0.4%, respectively, while the Dow slipped -0.3%. Stocks finished lower on Friday following a stronger-than-expected August jobs report, which pushed up expectations for a potential Fed rate hike later this month.

As a reminder, this week’s Weekly Update is a “light” edition, featuring a curated roundup of the most incremental sub-sector updates (see below). We’ll be back with the full edition next week.

Have a nice Labor Day weekend!