How much is left in the tank for the market? | Big jobs report ahead | An income fund crushing the competition

Stocks closed out the week at record highs, after Federal Reserve Chairman Jerome Powell said winding down the Fed's bond buying program does not mean interest rates will rise.

VIEW IN BROWSER | SUBSCRIBE SAT, AUG 28, 2021 WEEKEND BRIEF EDITOR'S NOTE Stocks closed out the week at record highs, after Federal Reserve Chairman Jerome Powell said winding down the Fed's bond buying program does not mean interest rates will rise.  Strategists say the rally could continue but the markets will begin to focus on next Friday's August jobs report.  Economists expect 750,000 payrolls, according to Dow Jones, and strategists say that report could set the tone for trading in early September when many market players return from vacation.     Powell said the Fed expects to taper bond buying this year, but also said that the labor market has not made enough progress to warrant tapering of the $120 billion monthly bond purchases just yet. The calendar has a few other economic reports of note including Tuesday's consumer confidence and ISM manufacturing data Wednesday.   There are also a few earnings reports, including Zoom Video, Campbell Soup, Chewy and Broadcom. Energy markets are watching Hurricane Ida, which was threatening Louisiana this weekend. Oil and gas prices surged Friday, as the storm caused production shutdowns and raised concerns refineries could flood. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD A key jobs report in the week ahead could drive the next big market move   MICHAEL SANTOLI'S MARKET COLUMN With the S&P 500 up 20% this year without a single 5% pullback, how much is left in the tank? ACTIVIST SPOTLIGHT An investor with a flair for tech could push Fiserv to the next level   YOUR WEEKEND BRIEFING  U.S. airstrike targets Islamic State in Afghanistan in retaliation for deadly Kabul airport attack U.S. Gulf Coast braces for Hurricane Ida after Cuba takes hit This income fund is crushing its competitors. Here's how it's succeeded for a decade Affirm shares soar on news of Amazon partnership for buy now, pay later Avoid these potential stock blow-ups in your portfolio, according to Wolfe Research Biden has canceled $9.5 billion in student loan debt yet forgiveness for all isn't necessarily coming     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS