Updated employment data for May, comments from Federal Reserve Chair Jerome Powell, and several noteworthy tech and retail eꦅarnings reports highlight this week’s economic calendar.

The week follows a close to May trading, which was generally upbeat for stocks, featuring strong performances from the S&P 500 and Nasdaq Composite. Recap Investopedia's coverage of last 澳洲幸运5官方开奖结果体彩网:Friday's trading here. The week also brought the latest set of trade ructions, with President Donald Trump on Friday 澳洲幸运5官方开奖结果体彩网:raising fresh questions about the state of affairs with China.

In addition to a jobs report due Friday, investors also will be watching for reports on job openings and private-sector payrolls. Updated data on the U.S. trade deficit and consumer credit levels will be in focus, as will manufacturing and services industry data, including the 澳洲幸运5官方开奖结果体彩网:Purchasing Managers Index (PMI), construction spending, and factory orders.

In addition to Powell🦹’s comments🎀 on Monday, Fed representatives speaking this week include Philadelphia Fed President Patrick Harker, Dallas Fed President Lorie Logan, and Chicago Fed President Austan Goolsbee.

Market watchers will be tracking expected earnings reports from Broadcom (AVGO), CrowdStrike Holdings (CRWD), Hewlett Packard Enterprise (HPE), Dollar Tree (DLTR), Dollar General (DG), and Five Below (FIVE). 

Monday, June 2

• S&P final U.S. manufacturing PMI (May)
• ISM manufacturing PMI (May)
• Construction spending (April)
• Federal Reserve Chair Powell, Dallas Fed President Logan, and Chicago Fed President Goolsbee are scheduled to speak
• Campbell’s (CPB) and Science Applications International (SAIC) are scheduled to report earnings

Tuesday, June 3

• Factory orders (April)
• Job openings (April)
• Dallas Fed President Logan and Chicago Fed President Goolsbee are scheduled to speak
• CrowdStrike Holdings, Ferguson Enterprises (FERG), Hewlett Packard Enterprise, Dollar General, Guidewire Software (GWRE), and NIO (NIO) are scheduled to report earnings

Wednesday, June 4

• ADP employment (May)
• S&P final U.S. services PMI (May)
• ISM services PMI (May)
• Federal Reserve Beige Book
• Atlanta Fed President Raphael Bostic is scheduled to speak
• Dollar Tree, Descartes Systems Group (DSGX), Five Below, PVH Corp (PVH), and Thor Industries (THO) are scheduled to report earnings

Thursday, June 5

• Initial jobless claims (Week ending May 31)
• U.S. trade deficit (April)
• U.S. productivity - first revision (Q1)
• Philadelphia Fed President Harker is scheduled to speak
• Broadcom, Lululemon Athletica (LULU), Samsara (IOT), and Rubrik (RBRK) are scheduled to report earnings 

Friday, June 6

• U.S. employment report (May)
• Consumer credit (April)

Jobs Report Comes As Fed Face꧑s Pressure on Interest Rates

The scheduled Friday release of the May U.S. jobs report will show whether the labor market continues to exhibit strength after employers 澳洲幸运5官方开奖结果体彩网:added more jobs tha🌳n analysts expected in April, as the unemployment rate remained at 4.2%.

澳洲幸运5官方开奖结果体彩网:Trump has been applying pressure on the Fed to cut interest rates from their current levels of 4.25% to 4.5%. Fed officials have said that 澳洲幸运5官方开奖结果体彩网:they are in “wait-and-see” mode as the labor market remains strong and inflation comes under pressure from U.S. tariffs. 🐬𒆙;

Earlier in the week, market watchers will get updates on job openings, pri൲vate-sector payrolls, and weekly jobless claims. 

Several Fed officials are scheduled to speak, including Federal Re❀serve Chair Powell, Dallas Fed President Logan, Chicago Fed President Goolsbee, and Philadelphia Fed President Harker. On Wednesday, the Fed’s Beige Book will provide more details on economic conditions throughout the country. 

The Thursday scheduled report on the U.S. trade deficit comes as tariff threats have pushed shippers to 澳洲幸运5官方开奖结果体彩网:increase imports ahead of the expected import taxes. 

Investors will 🎶also be watching manufa🌳cturing and services industry surveys scheduled for release this week, as well as updated data on consumer credit levels, factory orders, and construction spending.

Tech, Retail Earnings Reports in Focus

Chipmaker Broadcom’s scheduled financial report, due Thursday, comes on the heels of industry leader Nvidia’s (NVDA) report last week that showed 澳洲幸运5官方开奖结果体彩网:continued demand for artificial intelligence (AI) products. Broadcom reported a 澳洲幸运5官方开奖结果体彩网:77% jump in its AI-related revenue in its most recent financial release as company executives forec𝓰ast continued growth in that sector. 

Cybersecurity company CrowdStrike Holdings is expected to release its earnings on Tuesday. The firm said in early May that it 澳洲幸运5官方开奖结果体彩网:planned to cut 5% of its workforce. Guidewire Software, which provides services to insurance providers, is also expected to deliver an 澳洲幸运5官方开奖结果体彩网:update on its AI products Tuesday. 

Logistic𒁏s software provider Descartes Systems Group is expected to release its earnings on Wednesday. Shippers continue to grapple with the 澳洲幸运5官方开奖结果✅体彩网:impact of Trump's tariffs on the supply chain.

With consumer sentiment surveys showing 澳洲幸运5官方开奖结果体彩网:increasing concern💫s over economic con🎀ditions, investors will be watching reports from retailers for signals on spending. Scheduled reports from 澳洲幸运5官方开奖结果体彩网:Dollar General on Tuesday and 澳洲幸运5官方开奖结果体彩网:Dollar Tree and 澳洲幸运5官方开奖结果体彩网:Five Below on Wednesday will provide a look at consumer traffic at those stores. Campbell’s scheduled report on Monday will shine a light on food spending, while fashion brands Lululemon and澳洲幸运5官方开奖结果体彩网: Calvin Klein parent PVH also will be reporting.

Other noteworthy reports this week include 澳洲幸运5官方开奖结果体彩网:Chinese electric vehicle maker NIO, a competitor to Tesla in that country, and information technology provider 澳洲幸运5官方开奖结果体彩网:Hewlett Packard Enterprise.