What To Expect in the Markets This Week

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Key Takeaways

  • Markets are closed Monday for nan Memorial Day holiday.
  • Investors will beryllium focused connected ostentation this week, pinch nan Friday merchandise of nan Personal Consumption Expenditures (PCE) index.
  • Salesforce, Costco, Dell, and Dollar General lead a drawstring of exertion and unit net reports coming retired this week.

Inflation will return halfway shape successful a holiday-shortened week pinch nan Friday merchandise of nan Personal Consumption Expenditures (PCE) index, showing whether value pressures continued to cool successful April. Markets are closed connected Monday for nan Memorial Day holiday.

Investors will beryllium eyeing tech net this week, pinch Salesforce (CRM) and Dell (DELL) apt to drawback attention. Retail will besides beryllium successful nan spotlight arsenic Costco (COST) and Dollar General (DG) are among nan companies successful that assemblage to study this week. 

Housing marketplace information and consumer confidence are besides connected tap, and it's nan past week of comments allowed from Federal Reserve officials earlier nan blackout play up of their adjacent meeting.

Monday, May 27

  • Memorial Day holiday

Tuesday, May 28

  • S&P Case-Shiller Home Price Index (March)
  • Consumer Confidence (May)
  • Cleveland Fed President Loretta Mester and Minneapolis Fed President Neel Kashkari present remarks
  • Scotiabank (BNS) and Cava Group (CAVA) study earnings

Wednesday, May 29

  • Federal Reserve Beige Book release
  • New York Fed President John C. Williams delivers remarks
  • Salesforce, BMO Financial Group (BMO), Agilent Technologies (A), HP (HPQ), Dick’s Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Chewy (CHWY) study earnings

Thursday, May 30

  • Initial jobless claims (Week ending May 25)
  • Gross Domestic Product (GDP) - first revision (Q1)
  • Pending Home Sales (April) 
  • New York Fed President John C. Williams delivers remarks
  • Costco Wholesale, Royal Bank of Canada (RY), Dell Technologies, Marvell Technology (MRVL), and Dollar General study earnings

Friday, May 31

  • Personal Consumption Expenditures (PCE) Index (April)
  • Chicago Business Barometer (May)
  • Final time earlier Federal Reserve blackout period
  • BRP (DOOO) reports earnings

Inflation successful Focus arsenic Markets Watchers Eye Interest Rates

Investors will beryllium intimately watching nan Friday merchandise of nan PCE index to spot whether ostentation is moving its measurement toward nan Federal Reserve's yearly extremity of 2%.

Fed officials person said they want to spot much advancement connected ostentation earlier they tin move to trim liking rates from their current elevated levels and sewage immoderate good news successful nan April reading of nan Consumer Price Index (CPI). Both indexes measurement inflation, however, PCE is much intimately followed by nan Federal Reserve, arsenic its year-over-year search of value increases is nan measurement utilized to measurement ostentation against its target complaint of 2%.

So acold this year, nan PCE has edged upward, coming successful astatine 2.7% successful March.

Markets person moved connected liking complaint signals and different affirmative ostentation reference for April could person investors believing Fed officials whitethorn statesman to talk astir cutting rates again. But if PCE shows different summation successful value pressures, investors should expect much “higher for longer” sentiments from officials. 

It’s not nan only perchance market-moving information merchandise aliases arena this week. 

A fistful of Federal Reserve speakers are connected nan calendar, pinch Friday being nan past time earlier nan blackout play astir Federal Open Market Committee (FOMC) meetings. Market watchers will besides beryllium pursuing revisions to U.S. gross home merchandise (GDP) for nan 2024 first quarter, pinch information connected user assurance and nan lodging marketplace besides apt to pull attention.

Salesforce, Costco Feature successful Week of Tech, Retail Earnings

Corporate net reports will beryllium successful nan spotlight again, pinch marketplace watchers apt to attraction their attraction connected financial updates from respective large tech, retail, and financial firms.

Salesforce, caller disconnected an earnings hit successful its anterior quarter, will study connected Wednesday, coming arsenic nan institution is successful talks to acquire information guidance package supplier Informatica (INFA). Earnings from Dell will show if nan machine shaper tin continue to use from demand for artificial intelligence (AI), while HP is looking to show it tin usage nan aforesaid AI request to move astir sluggish sales. 

A drawstring of retailers will study this week, highlighted by Costco Wholesale, which reports aft its revenue maturation past quarter disappointed immoderate investors. Dollar General, Dick’s Sporting Goods, Abercrombie & Fitch, and Chewy will besides rumor quarterly financial results this week.

Investors will beryllium capable to get a look astatine nan banking strategy northbound of nan border, pinch Royal Bank of Canada and Scotiabank among nan Canadian financial institutions scheduled to study this week. Other noteworthy net this week see restaurant concatenation Cava and individual watercraft shaper BRP.

Source investopedia