What To Expect in the Markets This Week

Updated employment data for May, comments from Federal Reserve Chair Jerome Powell, and several noteworthy tech and retail earnings reports highlight this week’s economic calendar.

The week follows a close to May trading, which was generally upbeat for stocks, featuring strong performances from the S&P 500 and Nasdaq Composite. Recap Investopedia’s coverage of last Friday’s trading here. The week also brought the latest set of trade ructions, with President Donald Trump on Friday raising fresh questions about the state of affairs with China.

In addition to a jobs report due Friday, investors also will be watching for reports on job openings and private-sector payrolls. Updated data on the U.S. trade deficit and consumer credit levels will be in focus, as will manufacturing and services industry data, including the Purchasing Managers Index (PMI), construction spending, and factory orders.

In addition to Powell’s comments on Monday, Fed representatives speaking this week include Philadelphia Fed President Patrick Harker, Dallas Fed President Lorie Logan, and Chicago Fed President Austan Goolsbee.

Market watchers will be tracking expected earnings reports from Broadcom (AVGO), CrowdStrike Holdings (CRWD), Hewlett Packard Enterprise (HPE), Dollar Tree (DLTR), Dollar General (DG), and Five Below (FIVE). 

Monday, June 2

• S&P final U.S. manufacturing PMI (May)
• ISM manufacturing PMI (May)
• Construction spending (April)
• Federal Reserve Chair Powell, Dallas Fed President Logan, and Chicago Fed President Goolsbee are scheduled to speak
• Campbell’s (CPB) and Science Applications International (SAIC) are scheduled to report earnings

Tuesday, June 3

• Factory orders (April)
• Job openings (April)
• Dallas Fed President Logan and Chicago Fed President Goolsbee are scheduled to speak
• CrowdStrike Holdings, Ferguson Enterprises (FERG), Hewlett Packard Enterprise, Dollar General, Guidewire Software (GWRE), and NIO (NIO) are scheduled to report earnings

Wednesday, June 4

• ADP employment (May)
• S&P final U.S. services PMI (May)
• ISM services PMI (May)
• Federal Reserve Beige Book
• Atlanta Fed President Raphael Bostic is scheduled to speak
• Dollar Tree, Descartes Systems Group (DSGX), Five Below, PVH Corp (PVH), and Thor Industries (THO) are scheduled to report earnings

Thursday, June 5

• Initial jobless claims (Week ending May 31)
• U.S. trade deficit (April)
• U.S. productivity – first revision (Q1)
• Philadelphia Fed President Harker is scheduled to speak
• Broadcom, Lululemon Athletica (LULU), Samsara (IOT), and Rubrik (RBRK) are scheduled to report earnings 

Friday, June 6

• U.S. employment report (May)
• Consumer credit (April)

Jobs Report Comes As Fed Faces Pressure on Interest Rates

The scheduled Friday release of the May U.S. jobs report will show whether the labor market continues to exhibit strength after employers added more jobs than analysts expected in April, as the unemployment rate remained at 4.2%.

Trump has been applying pressure on the Fed to cut interest rates from their current levels of 4.25% to 4.5%. Fed officials have said that they are in “wait-and-see” mode as the labor market remains strong and inflation comes under pressure from U.S. tariffs. 

Earlier in the week, market watchers will get updates on job openings, private-sector payrolls, and weekly jobless claims. 

Several Fed officials are scheduled to speak, including Federal Reserve Chair Powell, Dallas Fed President Logan, Chicago Fed President Goolsbee, and Philadelphia Fed President Harker. On Wednesday, the Fed’s Beige Book will provide more details on economic conditions throughout the country. 

The Thursday scheduled report on the U.S. trade deficit comes as tariff threats have pushed shippers to increase imports ahead of the expected import taxes. 

Investors will also be watching manufacturing and services industry surveys scheduled for release this week, as well as updated data on consumer credit levels, factory orders, and construction spending.

Tech, Retail Earnings Reports in Focus

Chipmaker Broadcom’s scheduled financial report, due Thursday, comes on the heels of industry leader Nvidia’s (NVDA) report last week that showed continued demand for artificial intelligence (AI) products. Broadcom reported a 77% jump in its AI-related revenue in its most recent financial release as company executives forecast continued growth in that sector. 

Cybersecurity company CrowdStrike Holdings is expected to release its earnings on Tuesday. The firm said in early May that it planned to cut 5% of its workforce. Guidewire Software, which provides services to insurance providers, is also expected to deliver an update on its AI products Tuesday. 

Logistics software provider Descartes Systems Group is expected to release its earnings on Wednesday. Shippers continue to grapple with the impact of Trump’s tariffs on the supply chain.

With consumer sentiment surveys showing increasing concerns over economic conditions, investors will be watching reports from retailers for signals on spending. Scheduled reports from Dollar General on Tuesday and Dollar Tree and Five Below on Wednesday will provide a look at consumer traffic at those stores. Campbell’s scheduled report on Monday will shine a light on food spending, while fashion brands Lululemon and Calvin Klein parent PVH also will be reporting.

Other noteworthy reports this week include Chinese electric vehicle maker NIO, a competitor to Tesla in that country, and information technology provider Hewlett Packard Enterprise.