Economic Releases:• 12:15 GMT – ADP Weekly Employment Change, prior 25.5K• 13:45 GMT – Flash Manufacturing PMI, forecast 54.6 (prior 55.1)• 13:45 GMT – Flash Services PMI, forecast 51.0 (prior 50.7)• 14:00 GMT – Richmond Manufacturing Index, forecast 8 (prior 13)• 20:30 GMT – API Weekly Statistical Bulletin
After the Close:• FedEx (FDX), est. $5.92• KB Home (KBH), est. $0.45• Worthington Enterprises (WOR), est. $1.06
Wednesday, Jun 24
Before the Open:• Paychex (PAYX), est. $1.31
Economic Releases:• 12:30 GMT – Current Account, forecast -219B (prior -191B)• 14:00 GMT – New Home Sales, forecast 637K (prior 622K)• 14:30 GMT – Crude Oil Inventories, prior -8.3M• 20:30 GMT – Bank Stress Test Results
After the Close:• Micron Technology (MU), est. $20.05• H.B. Fuller (FUL), est. $1.38• Jefferies (JEF), est. $1.02• MillerKnoll (MLKN), est. $0.52• Trip.com Group (TCOM), est. $6.05• Worthington Steel (WS), est. $0.73
Thursday, Jun 25
Before the Open:• Acuity (AYI), est. $5.15• BlackBerry (BB), est. $0.03• Commercial Metals (CMC), est. $1.72• Darden Restaurants (DRI), est. $3.63• McCormick (MKC), est. $0.70• TD Synnex (SNX), est. $4.12• Winnebago (WGO), est. $0.77
Economic Releases:• 12:30 GMT – Core PCE Price Index m/m, forecast 0.3% (prior 0.2%)• 12:30 GMT – Final GDP q/q, forecast 1.6% (prior 1.6%)• 12:30 GMT – Final GDP Price Index q/q, forecast 3.5% (prior 3.5%)• 12:30 GMT – Unemployment Claims, forecast 226K (prior 229K)• 12:30 GMT – Core Durable Goods Orders m/m, forecast 0.5% (prior 1.1%)• 12:30 GMT – Durable Goods Orders m/m, forecast -4.9% (prior 8.0%)• 12:30 GMT – Personal Income m/m, forecast 0.4% (prior 0.0%)• 12:30 GMT – Personal Spending m/m, forecast 0.6% (prior 0.5%)• 14:30 GMT – Natural Gas Storage, prior 73B
After the Close:• Enerpac Tool Group (EPAC), est. $0.50• Lindsay Corp (LNN), est. $1.14• Simply Good Foods (SMPL), est. $0.36
Friday, Jun 26
Before the Open:• Apogee Enterprises (APOG), est. $0.45
Economic Releases:• 12:30 GMT – Goods Trade Balance, forecast -85.4B (prior -82.4B)• 12:30 GMT – Prelim Wholesale Inventories m/m, forecast 0.3% (prior 0.6%)• 14:00 GMT – Revised UoM Consumer Sentiment, forecast 50.0 (prior 48.9)• 14:00 GMT – Revised UoM Inflation Expectations, prior 4.6%
After the Close:• No reports scheduled.
Central Bank Activity
Monday, Jun 22
Christopher Waller (Federal Reserve Governor) – 13:00 GMT
Thursday, Jun 25
John Williams (New York Fed President) – 19:40 GMT• Austan Goolsbee (Chicago Fed President) – 22:30 GMT
Friday, June 26
John Williams (New York Fed President) – 14:30 GMT• Neel Kashkari (Minneapolis Fed President) – 15:30 GMT
Following last week’s hawkish FOMC meeting, investors will closely monitor Fed commentary for further guidance regarding inflation risks, interest rate expectations, and how long policymakers expect rates to remain elevated.
Technical Outlook
Weekly Dow Jones Industrial Average Index
Dow Jones: 51,564.71 (+0.71%), support at 50,494.88, 50,073.31, 48,708.57, 48,669.24, 47,815.80, 47,495.07 (52-week SMA), resistance at 52,281.19.
Weekly Nasdaq Composite Index (IXIC)
Nasdaq: 26,517.93 (+2.43%), support at 24,980.38, 23,940.23, 23,173.24, 23,031.20 (52-week SMA), resistance at 27,190.21.
Weekly S&P 500 Index (SPX)
S&P 500: 7,500.58 (+0.93%), support at 7,237.85, 6,968.90, 6,815.03, 6,793.05 (52-week SMA), resistance at 7,620.90.
All major indices remain above rising 52-week SMAs, confirming an intact primary uptrend.
Outlook
The May PCE report will be the week’s most important economic release. Following the Federal Reserve’s decision to remove its projected 2026 rate cut and emphasize inflation risks, investors will closely examine whether inflation remains elevated or shows signs of stabilization.
Fed speakers throughout the week may provide additional clarity regarding the policy outlook after Chair Kevin Warsh’s first FOMC meeting. Markets will also monitor PMI surveys, housing data, durable goods orders, consumer spending, and sentiment indicators for further insight into economic conditions.
On the earnings front, FedEx, Micron Technology, Paychex, Darden Restaurants, and KB Home headline a relatively light reporting calendar. Investors will focus on corporate guidance and demand trends as earnings growth remains an important support for equity valuations in a higher-for-longer rate environment.
More Information in our Economic Calendar.
