Services and manufacturing PMI readings for May will be in focus
Amid renewed tariff threats and suddenly kinetic bond yields, special attention will be paid to any data set that could trigger a market reaction. Both services and manufacturing purchasing managers' index (PMI) readings for May will certainly be a focus, Wall Street will also be eager to unpack the latest ADP employment report.
The earnings docket is much quieter, but reports will still be coming from Broadcom (AVGO), CrowdStrike (CRWD), Dollar General (DG), Dollar Tree (DLTR), Lululemon Athletica (LULU), MongoDB (MDB), and Petco Health and Wellness (WOOF), among others.
Below is a list of key market events scheduled for the upcoming week. All economic dates listed below are tentative and subject to change.
Monday, June 2 features the S&P final U.S. manufacturing PMI and the Institute for Supply Management (ISM) manufacturing index, as well as construction spending and auto sales data. Dallas Federal Reserve President Lorie Logan will also deliver remarks.
Factory orders and job openings data are due out on Tuesday, June 3.
The ADP employment report is set for Wednesday, June 4, alongside the S&P final U.S. services PMI, the ISM services index, and the Fed's Beige Book.
U.S. trade deficit and productivity data will accompany the usual batch of jobless claims data slated for Thursday, June 5.
The week closes out with an employment report and rate update, hourly wages, and consumer credit data on Friday, June 6.