As Wall Street Eyes Jobs kicks off the first week of June following a strong close to May, investors are preparing for a data-heavy stretch that could shape short-term market sentiment. With the S&P 500 up 6.2% and the Nasdaq surging 9.6% last month, focus now turns to key economic indicators to determine whether the momentum can continue.
Central to the upcoming week will be the U.S. employment report for May, due Friday, along with the S&P Global final manufacturing and services Purchasing Managers’ Index (PMI). These indicators are expected to provide critical insights into the strength of the labor market and broader economic activity.
Wall Street eyes jobs as Federal Reserve Chair Jerome Powell prepares to deliver opening remarks at a Washington, D.C., conference on Monday. Investors will closely analyze his speech for insights into interest rate policy and the inflation outlook, especially amid ongoing economic uncertainty.
Full Economic Calendar Features PMIs, Jobs, and Productivity Reports
The week will be packed with high-impact data. Monday begins with the release of the S&P final U.S. manufacturing PMI for May, ISM Manufacturing data, April construction spending, and monthly auto sales. Powell’s remarks later that day are likely to set the tone for market expectations.
Tuesday will feature factory orders and job openings for April. Midweek, attention will shift to private-sector hiring trends with the ADP employment report, followed by S&P’s final services PMI and ISM services index for May. The Federal Reserve’s Beige Book, an important report on regional economic conditions, will also be released Wednesday.
Thursday’s highlights include the U.S. trade deficit data for April and productivity figures for the first quarter. Friday will round out the week with the highly anticipated May jobs report and consumer credit data for April, two key indicators that could influence future monetary policy decisions.
Earnings from Tech and Retail Giants Also in Focus
In addition to macroeconomic data, a slate of major corporate earnings will offer insight into sector-specific performance. Companies scheduled to report quarterly results include cybersecurity firm CrowdStrike, enterprise tech giant Hewlett-Packard Enterprise, and semiconductor powerhouse Broadcom.
The earnings calendar also features names from consumer goods and retail, such as Campbell’s Company, Dollar Tree, Dollar General, Lululemon Athletica, and DocuSign. Other anticipated reports include Rubrik and Samsara, each offering a glimpse into different corners of the market, from AI infrastructure to digital workflow solutions.
Wall Street eyes jobs as markets close the week on a mixed note, navigating geopolitical tensions. President Donald Trump’s criticism of China initially dampened sentiment, but his later remarks on a potential trade deal helped ease concerns. The Dow Jones Industrial Average added 54.34 points (0.13%) to close at 42,270.07. Meanwhile, the S&P 500 edged down slightly by 0.01%, and the Nasdaq dropped 0.32%.
In the bond market, yields dipped, with the 10-year Treasury falling to 4.39% from 4.43%, and the two-year slipping to 3.90% from 3.92%, signaling a cautious but steady investor outlook ahead of the new week.
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