• US stock markets will be closed on Monday for Memorial Day.
• The core PCE price index is projected to have risen 0.3% month over month.
• The S&P 500 notched an eighth straight weekly gain, its longest winning streak since December 2023.
• Key Earnings: CRM, MRVL, SNOW, COST, DELL, etc.
📆Earnings & Economic Calendar
The coming week features key data releases that speak directly to the two questions markets care about: whether US consumers are buckling under high gasoline prices, and whether inflation remains too sticky for the Fed’s comfort.
US stock markets will be closed on Monday for Memorial Day.
The market estimates that the PCE price index advanced 0.5% in April, largely reflecting continued gains in gasoline prices. The core PCE price index is projected to have risen 0.3% month over month.
US equities advanced last Friday, putting the S&P 500 on an eighth straight weekly gain, its longest winning streak since December 2023.