Memorial Day week will bring several closely watched economic reports, with investors eyeing fresh inflation data, a revised reading on first-quarter gross domestic product (GDP), and updates on consumer confidence and the housing market. Traders will also monitor durable goods orders and the Federal Reserve’s preferred inflation gauge for additional clues on the path of interest rates.
On the earnings front, Abercrombie & Fitch (ANF), AutoZone (AZO), Box (BOX), Dell Technologies (DELL), Dick’s Sporting Goods (DKS), Dollar Tree (DLTR), Gap (GAP), HP (HPQ), Kohl’s (KSS), Marvell Technology (MRVL), MongoDB (MDB), NetApp (NTAP), Salesforce (CRM), Snowflake (SNOW), UiPath (PATH), and Zscaler (ZS) are all scheduled to report.
Below is the schedule of key market events for the week ahead. All economic dates are tentative and subject to change.
The stock market is closed Monday, May 25 for the Memorial Day holiday.
Tuesday, May 26, brings the S&P Case-Shiller home price index and consumer confidence data.
No major economic reports are scheduled for Wednesday, May 27.
Thursday, May 28, features weekly initial jobless claims, durable-goods orders, durable-goods orders excluding transportation, and new home sales data.
Friday, May 29, will be the busiest session of the week, with the second revision to first-quarter GDP, personal income and spending data, and the closely watched personal consumption expenditures (PCE) index due out before the open. Markets will also receive core PCE readings, advanced trade balance data, advanced retail and wholesale inventories, and the Chicago Business Barometer (PMI).
