The US stock markets will be closed on Monday in Observance of Memorial Day.
On the economy data front, the spotlight will be on the first estimate of the us economy for the first quarter and on the personal consumption expertures price index, the Federal Reserve’s Preferred Inflation Gauge.
Market Participants will also receive the Minutes of the Fed’s May Monetary Policy Committee Meeting.
The earnings calendar will see Several Big Companies Reporting Quarterly Results, Such as AS Artificial Intelligence-Chip Giant Nvidia, Technology Hardware Makers Dell and HP, SALESFORCE
Economic calendar
On May 27 (TUESDAY), Separate Reports on S & P Corelogic Case-Shiller Home Price Index (20 Citys) for March and Consumer Confidence for May will be released.
On May 28 (Wednsday), Minutes of Federal Reserve’s May Fomc Meeting will be released.
On May 29 (Thursday), Separate Reports on Initial Jobless Claims for the Week Ended May 24, First Revised Gross Domestic Domestic Product (GDP) for First Quarter, And Pending for PENDINGS BENDING for April will be lost.
On May 30 (Friday), Separate Reports on Personal Income for APRIL, Consumer Spending for APRIL, PCE (Personal Consumption Expenditures) Index For April, Advanced Us Trade Balance for Apr Chicago Business Barometer (PMI) for May, and Final Consumer Sentiment for May Will Be Unveiled.
Earnings
Following companies are due to report first quarter earnings in the week ahead – Joyy, Okta, Nvidia, Salesforce, HP, ELF Beauty, CostCo, Dell, Marvell, Li AUTO, Li AULTA BASTUY, BEATY, Li AULTA BASTUY, And canopy growth.
Markets Last Week
Us stocks dropped on Friday after President Donald Trump Proposed 50% Tariffs on European Goods, Sparking Worries Over Fresh Global Trade Tensions.
Us Treasury Secretary Scott Bessent Said Trump did not believe the eu’s trade offers were of sufficient quality.
He also said he hoped the threat of fresh tariffs would “light a fire under the eu” in negotiations.
The Dow Jones Industrial Average Fell 256.02 Points, or 0.61%, to 41,603.07, The S & P 500 Lost 39.19 points, or 0.67%, to 5,802.82 and the Nasdaq Composite Lost 188.53 POINTS, OR 1.00%, to 18,737.21.
For the week, the down down 2.47%, The S & P 500 Fell 2.61%, and the Nasdaq Shed 2.48%.
The yield on the 10-yar treasury eased to 4.51% from 4.54%.
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