The Dow Jones Industrial Average closed at 51,032.47, rising +0.90%. The index remained near record territory after rebounding from its March low.
Markets ended the week encouraged by reports of an extended U.S.–Iran ceasefire and the potential reopening of the Strait of Hormuz. Falling oil prices supported equities and bonds. Investors also focused on resilient economic growth, strong business investment, healthy corporate profits, and continued AI-related capital spending.
Inflation remains elevated. GDP data showed persistent price pressures, while markets continue to monitor labor market conditions and Fed commentary ahead of the June FOMC blackout period.
Economic Releases & Notable Earnings
Monday, Jun 1
Before the Open:
• Science Applications (SAIC), est. $2.28
Economic Releases:
• 13:45 GMT – Final Manufacturing PMI, forecast 55.3 (prior 55.3)
• 14:00 GMT – ISM Manufacturing PMI, forecast 53.3 (prior 52.7)
• 14:00 GMT – ISM Manufacturing Prices, forecast 85.3 (prior 84.6)
• 14:00 GMT – Construction Spending m/m, forecast 0.3% (prior 0.6%)
After the Close:
• Credo Technology Group (CRDO), est. $1.02
• Hewlett Packard Enterprise (HPE), est. $0.53
Tuesday, Jun 2
Before the Open:
• Hello Group (MOMO), est. $1.56
• ODDITY Tech (ODD), est. -$0.03
• Signet Jewelers (SIG), est. $1.38
• Victoria’s Secret (VSCO), est. $0.32
• Yesway (YSWY), est. $0.48
Economic Releases:
• 14:00 GMT – JOLTS Job Openings, forecast 6.87M (prior 6.87M)
After the Close:
• GitLab (GTLB), est. $0.21
• Palo Alto Networks (PANW), est. $0.79
• Ulta Beauty (ULTA), est. $6.88
Wednesday, Jun 3
Before the Open:
• Macy’s (M), est. $0.03
• Medtronic (MDT), est. $1.54
• MiniMed (MMED), est. -$0.12
• Ollie’s Bargain Outlet (OLLI), est. $0.87
• Sprinklr (CXM), est. $0.10
Economic Releases:
• 12:15 GMT – ADP Non-Farm Employment Change, forecast 116K (prior 109K)
• 13:45 GMT – Final Services PMI, forecast 50.9 (prior 50.9)
• 14:00 GMT – ISM Services PMI, forecast 53.8 (prior 53.6)
• 14:00 GMT – Factory Orders m/m (prior 1.5%)
• 14:30 GMT – Crude Oil Inventories (prior -3.3M)
• 18:00 GMT – Beige Book
After the Close:
• Broadcom (AVGO), est. $2.39
• CrowdStrike (CRWD), est. $1.07
• Descartes (DSGX), est. $0.52
• Five Below (FIVE), est. $1.76
• Netskope (NTSK), est. -$0.07
• Petco Health and Wellness (WOOF), est. $0.01
• PVH (PVH), est. $1.82
• Veeva Systems (VEEV), est. $2.14
