The Dow Jones Industrial Average ( ^DJI ) closed Thursday's session at a new record high, while the tech-heavy Nasdaq Composite ( ^IXIC ) and S&P 500 ^GSPC ) slipped slightly into negative territory after Nvidia's ( NVDA ) second quarter earnings beat that failed to impress Wall Street investors.

Yahoo Finance markets and data editor Jared Blikre joins Josh Lipton on Asking for a Trend to highlight the biggest themes from the trading, including this week's gains in cyclical sectors, patterns pointing to a reversal in the US dollar, and market volatility ( ^VIX ) seen in August trading.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Luke Carberry Mogan .