Markets wrapped up last week on a high note, with all three major indexes moving higher. Investors found support in a mix of easing Middle East tensions, a cooler‑than‑expected inflation read, and solid earnings, all helping reinforce optimism around AI‑driven growth. Here’s what’s happening this week…
- With nearly 300 earnings reports on deck this week, only a small number come from companies that are likely to move the market. This morning, numbers are due from Palo Alto Networks, Dollar General, Ulta Beauty, and Victoria’s Secret, followed Wednesday by Broadcom, CrowdStrike, Medtronic, and Five Below. Reports are due Thursday from Ciena Corporation, Planet Labs, and lululemon, followed Friday by ABM Industries and Bluerock Homes. *
- Friday’s jobs report for May is expected to show about 96,000 new jobs added, a bit slower than April, while the unemployment rate is expected to stay steady at 4.3%. Weekly jobless claims came in at 215,000, slightly higher than expected but still low by historical standards, pointing to a resilient labor market overall. That said, if the jobs number comes in notably weaker, it could reduce expectations for the Fed to cut rates later this year. **
- Nvidia used its keynote at Computex Taipei on Monday to unveil a major new push into consumer PCs, highlighting the first laptops powered by its new RTX Spark chip. The hardware is designed to run AI “agents” directly on the device, rather than relying on cloud-based models. The company is teaming up with Dell, Lenovo, Microsoft, HP, Asus, and MSI to roll out a wave of ultra‑thin, sub‑3‑pound laptops later this year, marking Nvidia’s formal entry into the PC market, long dominated by Intel and AMD. Around 30 premium models are expected, targeting creators, developers, and gamers. Nvidia is positioning this as the start of “agentic computing,” a shift toward autonomous AI tools that run locally on consumer devices instead of traditional cloud-based chatbots. ***
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