this report is from todays cnbc daily open our new international markets newsletter cnbc daily open brings investors up to speed on everything they need to know no matter where they are like what you see you can subscribe here what you need to know today more mixed markets us stocks closed friday mixed the nasdaq composite was the only major index to fall the paneuropean stoxx 600 rose 03 with household goods adding 12 to lead gains possibly aided by the news that uk retail sales in june rose 07 month over month higher than the 02 estimate bye china buy tesla cathie woods ark innovation etf has completely exited stocks that generate revenue from china the famed tech investor revealed thursday that means shares like tencent and ke holdings are out and the funds holdings of woods favorite bets like tesla coinbase and roku are further consolidated wood might be on to something arkk is up more than 50 this year booming us economy morgan stanley has made a sizeable upward revision to its estimates for the us economy the bank expects gdp to grow 19 for the first half of this year almost four times the original forecast of 05 for the second half the bank thinks gdp will grow 13 compared with 06 joe bidens infrastructure investment and jobs act is driving a boom in largescale infrastructure wrote ellen zentner chief us economist for morgan stanley demand for oil oil prices might spike in the second half of the year as supply fails to keep up with demand secretary general of the international energy forum joseph mcmonigle told cnbc india and china combined will make up 2 million barrels a day of demand pickup in the second half of this year he said however mcmonigle thinks opec will respond to a big supplyimbalance pro fully packed week this weeks packed full of economic data releases and earnings reports and will see the federal reserve meet to decide on the path of us interest rates cnbc pros sarah min breaks down what analysts are expecting and how they are positioning their portfolios to deal with the heavy week lets talk about the dow jones industrial average and why it did better than the sp 500 and the nasdaq composite last week first the numbers the sp and the dow were essentially flat while the nasdaq composite lost 022 friday technically the dow squeezed out a 001 gain to give it a 10day winning streak but that figures so negligible i dont think its worth making a big fuss over it on a weekly basis the sp advanced 079 the nasdaq fell 057 but the dow gained an impressive 208 a large part of the dows showing was because of how the index is composed and calculated it includes just 30 stocks ostensibly chosen to represent the broader us economy to give an example goldman sachs and jpmorgan chase represent banks apple and microsoft show up for technology nike and procter  gamble stand in for consumer goods the dows other key difference from the sp and nasdaq is that it is priceweighted that is the more expensive the stock the bigger its influence on the index conversely the other two major indexes are capitalizationweighted meaning that the higher the total value of the companys total shares the more sway it has in moving the index now lets look at fridays stock movements nvidia slumped 266 it has a market capitalization of over 1 trillion unsurprising then that it had the biggest negative impact on both the sp and nasdaq the dow the index doesnt even include nvidia so it was spared the dow on the other hand benefited from gains in firms like unitedhealth and goldman sachs their stock prices are high around 500 and 350 per share respectively but their total market capitalizations are comparatively low those gains wouldnt register much on the sp and nasdaq but boosted the dow what does this all mean honestly speaking not much according to cnbcs calculations over the past 15 years the dow and the sp have moved in the same direction 94 of the time so while its true the major indexes have diverged as of late this week aside the nasdaq is leading by a 34 increase for the year the sp 18 and the dow a meagre 6 in the long run it shouldnt really matter what index youre tracking the lesson here dont take shortterm blips as longterm trends