Next week will bring several closely watched economic reports, with investors eyeing fresh labor market data, updated manufacturing and services activity readings, and the Federal Reserve’s Beige Book report. Traders will also monitor the May jobs report at the end of the week for additional clues on the path of interest rates and the broader health of the U.S. economy.
On the earnings front, Broadcom (AVGO), CrowdStrike (CRWD), DocuSign (DOCU), Dollar General (DG), Five Below (FIVE), GitLab (GTLB), lululemon athletica (LULU), Macy's (M), Palo Alto Networks (PANW), Ulta Beauty (ULTA), and Victoria’s Secret (VSCO) 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.
Monday, June 1 brings ISM manufacturing data, construction spending, and May auto sales. Minneapolis Fed President Neel Kashkari is also scheduled to speak.
April job openings data is scheduled for Tuesday, June 2, while Cleveland Fed President Beth Hammack is slated to deliver remarks.
Wednesday, June 3 will bring ADP employment data, factory orders, ISM services data, and the Fed Beige Book.
Thursday, June 4 features weekly jobs data and first-quarter productivity data.
Friday, June 5 will be the busiest session of the week, with the closely watched May employment report due out before the open, alongside unemployment rate and hourly wage data. Markets will also receive consumer credit data in the afternoon.
