All major indices are up, with the NASDAQ Composite leading the way. Shares of Nvidia (NVDA) reached a new record high, outperforming the rest of the “Magnificent Seven”.

Today the biggest winner is Consumer Discretionary (XLY) followed closely by Technology (XLK) and in third place Consumer Staples (XLP). The biggest losers today are Real Estate (XLRE) and Utilities (XLU).

A decent number of economic releases this week on this holiday-shortened week. Retail sales are out tomorrow where a moderate increase is expected for May; however, the latest results from CPI and PPI are hinting at more weaknesses that could affect tourism.