The Fed's favorite indicator and Costco earnings: what investors need to know this week
Retailer Costco will release financial results on May 28 / Photo: Unsplash / gibblesmash asdf
The coming week in the markets will be short - on Monday the US stock exchanges are closed due to the national holiday, Memorial Day. The bulk of the reporting season is behind us, but the week will see the results of several technology companies, such as Salesforce and Marvell, as well as retailers Costco and Gap.
The key event in the calendar of economic statistics will be the publication of the April personal consumption expenditures index - the Fed's preferred indicator of inflation, writes WSJ. Investors are closely watching inflation, assessing the likelihood of a Fed rate hike. Analysts at Yardeni Research believe it could happen as early as July.
The focus will also be on the situation in the Middle East and the fate of the agreement between the United States and Iran to end the war and open the Strait of Hormuz. On May 23, US President Donald Trump said that the draft deal was largely agreed, but the next day urged both sides to take their time to "get it right."
On Monday, Ma. 25, stock exchanges will be closed in the United States. Trip.com Group and Viasat will present their financial results.
Tuesday, Ma. 26, will see the release of the Conference Board consumer confidence index for Ma and the U.S. private sector employment report for the week ended May 9 from independent analytics provider ADP Research.
AutoZone, Elbit Systems, Zscaler, Pony AI will release their financial reports for last quarter.
On Wednesday, Ma. 27, the U.S. will release data on the number of U.S. mortgage applications for the past week.
Marvell Technology, Salesforce, PDD Holdings, Bank of Montreal, Synopsys, Snowflake, Agilent Technologies, DICK'S Sporting Goods, HP, U-Haul, Bath & Body Works, and Abercrombie & Fitch will report for the quarter.
On Thursday, May 28, the U.S. Department of Commerce will release the April Personal Consumption Expenditures (PCE) index, data on durable goods orders for April and a preliminary estimate of economic growth in the first quarter. Also on that day, weekly data on initial jobless claims will be released.
Costco Wholesale, Royal Bank of Canada, The Toronto-Dominion Bank, Dell Technologies, Autodesk, MongoDB, NetApp, Burlington Stores, Dollar Tree, Li Auto, Okta, Best Buy, The Gap, Uranium Energy Corp. and SentinelOne will report.
Friday, Ma. 29, will see the release of preliminary data on imports and exports of goods, retail and wholesale inventories for April. No significant financial reports are expected.
This article was AI-translated and verified by a human editor
