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It’s a new month, and investors are heading into it amid fresh inflation data and rising pessimism that’s dominating headlines. With the Fed’s next meeting now just weeks away, all eyes will be on Friday’s jobs report, which could shape expectations for rate cuts this summer.
At the same time, President Trump’s legal battles continue to reverberate throughout the market, just as a whopping 83% of of CEOs say they’re bracing for a downturn. Add in jobs data and earnings from a host of consumer names like Lululemon (LULU), MongoDB (MDB), HP (HPQ), and Dollar Tree (DLTR), and the first week of June looks unlikely to be lacking in storylines.
Here’s what to watch:
Monday, June 2
Campbell’s Company – parent of popular shelf staples including Prego and Goldfish – will release earnings before the market opens, with a conference call scheduled for 8:00 a.m. ET. Analysts are expecting revenue of approximately $2.43 billion, reflecting 2% growth.
On the macro side, at 10:00 a.m. ET, the U.S. Census Bureau will release the April 2025 Construction Spending report. This data provides insights into the health of the construction sector, which can influence economic growth projections and decision-making in closely related industries from real estate to manufacturing.
Tuesday, June 3
Tuesday brings a greater mix of significant earnings reports and economic data releases that could sway market sentiment. Cybersecurity firm Crowdstrike (CRWD) will share Q1 2026 earnings after the market closes. Analysts are closely watching for updates following the company’s recent announcement to cut approximately 5% of its workforce in one more corporate bid for AI-flavored “operational efficiency.” HP and Dollar General (DG) also report. The discount retailer is mid-turnaround, with its stock price recovering around 30% this year but still well off 52-week highs.
Looking to the hard-economics side, expect BLS data on job opening and labor turnover at 10:00 a.m., alongside the Census Bureau’s Factory Orders and the OECD’s globe-spanning Economic Outlook.
Wednesday, June 4
Wednesday brings another dose of retail and tech earnings. Dollar Tree will report before the bell. With roughly 40% of its inventory sourced from China, investors will parse the results for tariffs’ effects on retail. After the close, MongoDB and Five Below (FIVE) release their results, too. MongoDB’s earnings will offer a read on enterprise software spending amid a 40% drop in the company’s stock price since last year. Five Below’s report should reveal whether tween-and-teen discretionary spending on pool noodles, inflatable chairs, and Disney-branded collectibles is still chugging along.