Markets enter the final week of May with a holiday-shortened trading schedule following Memorial Day Monday closure, compressing important economic data and high-profile earnings into four sessions. Thursday delivers an economic data explosion with Q1 GDP revision, April Core PCE Price Index, durable goods orders, initial jobless claims, and new home sales all releasing at 8:30am and 10:00am—essentially painting a complete economic picture in just over 90 minutes. Wednesday features crucial enterprise software earnings from Salesforce (CRM) and Snowflake (SNOW) testing AI monetization and cloud data warehouse economics, while semiconductor leader Marvell (MRVL) will provide chip demand perspectives. Thursday's earnings from Costco (COST) and Dell (DELL) will offer consumer warehouse retail and enterprise technology hardware insights. The abbreviated week following last week's Nvidia earnings and Alphabet conference creates unique dynamics where positioning adjustments from those major events could dominate early trading before Thursday's data deluge. Tuesday's consumer confidence report will provide sentiment context about household optimism amid ongoing geopolitical uncertainties and inflation concerns.
Here are 5 things to watch this week in the Market.
