Nvidia (NVDA) earnings and a key inflation report spotlight this week’s holiday-shortened calendar as traders proceed to judge the influence of President Donald Trump’s tariffs and economic policies. 

Tech firms Salesforce (CRM), Marvell Know-how (MRVL), Dell Applied sciences (DELL), and HP (HPQ) are anticipated to ship earnings this week. Market watchers may even be searching for studies from retailers Costco Wholesale (COST), AutoZone (AZO), Dick’s Sporting Items (DKS), and Temu mum or dad PDD Holdings (PDD). 

The studies are set to reach after a down week for shares, which was punctuated Friday by a revival of trade-related uncertainty. You’ll be able to recap last week’s trading here.

Along with Friday’s personal consumption expenditures inflation report on Friday, traders may even be tuned into first-quarter gross domestic product (GDP) updates and the newest knowledge on the U.S. commerce steadiness and retail inventories. Client confidence and sentiment surveys additionally might be in focus.

A number of Fed officers are on the talking calendar, together with Federal Reserve Gov. Christopher Waller, New York Fed President John Williams, and Minneapolis Fed President Neel Kashkari. Minutes from the newest Federal Open Market Committee (FOMC) assembly are additionally anticipated on Wednesday.

Monday, Could 26

Tuesday, Could 27

• Sturdy items orders (April)
• S&P CoreLogic Case-Shiller dwelling value index (March)
• Client confidence (Could)
• Minneapolis Fed President Neel Kashkari is scheduled to talk
• AutoZone, Financial institution of Nova Scotia (BNS), Heico (HEI.A), Okta (OKTA), Champion Houses (SKY), Field (BOX), and PDD Holdings are scheduled to report earnings

Wednesday, Could 28

• Minutes of Could FOMC assembly launched
• Fed Gov. Waller and New York Fed President Williams are scheduled to talk
• Nvidia, Salesforce, Synopsys (SNPS), Financial institution of Montreal (BMO), Veeva Programs (VEEV), Agilent Applied sciences (A), HP, and Dick’s Sporting Items are scheduled to report earnings

Thursday, Could 29

• Preliminary jobless claims (Week ending Could 24)
• Gross home product – first revision (Q1)
• Pending dwelling gross sales (April)
• San Francisco Fed President Mary Daly and Chicago Fed President Austan Goolsbee are scheduled to talk
• Costco, Royal Financial institution of Canada (RY), Dell Applied sciences, Canadian Imperial Financial institution of Commerce (CM), Marvell Know-how, Zscaler (ZS), and Li Auto (LI) are scheduled to report earnings

Friday, Could 30

• Private Consumption Expenditures (PCE) Value Index (April)
• Advance U.S. commerce steadiness (April)
• Advance retail inventories (April)
• Advance wholesale inventories (April)
• Chicago Enterprise Barometer (Could)
• Client sentiment – ultimate (Could)
• Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee are scheduled to talk
• Shoe Carnival (SCVL) is scheduled to report earnings

Nvidia Earnings Spotlight Slate of Tech, Retail, Monetary Stories This Week

Nvidia is scheduled to report its quarterly earnings on Wednesday. The chipmaking large just lately returned to the $3 trillion market-capitalization degree after its share value rallied by around 50% from its April low. The earnings report follows the corporate’s announcement that it’s going to provide semiconductors to Saudi Arabian AI startup Humain. Nvidia reported 78% year-over-year revenue growth in its prior earnings launch. Semiconductor firm Marvell Technology can also be scheduled to report this week. 

Salesforce’s anticipated report on Wednesday comes after the cloud software program supplier reported 8% revenue growth in its prior quarter on the expansion of its Agentforce customized AI platform. Whereas the agency delivered a worse-than-expected outlook, analysts stated the corporate had strong potential for growth. 

Thursday’s scheduled report from Dell Applied sciences will present whether or not the pc maker continues to profit from elevated demand for AI infrastructure after it grew server and networking sales by 37% within the prior quarter. Morgan Stanley just lately raised its price target for the corporate, citing rising server gross sales momentum on AI demand. Market watchers may even be following pc gear maker HP’s scheduled report on Wednesday.

Costco Wholesale is on Thursday’s company calendar, coming because the membership-based retailer reported that its April sales rose by 7%, which analysts attributed partly to clients dashing purchases forward of U.S. tariffs. Costco reported a 9% revenue growth in its prior quarter on elevated income from increased membership charges. 

AutoZone’s scheduled report on Tuesday follows an upgrade from Bank of America Securities as analysts argued that increased auto prices from U.S. tariffs may result in extra car repairs by cost-conscious drivers. Dick’s Sporting Items’ anticipated report on Wednesday follows its recent deal to acquire sporting items retailer Foot Locker (FL). 

Buyers might be watching the scheduled Thursday report from Chinese language EV Li Auto, which competes with Tesla (TSLA) gross sales in that nation. The Tuesday report from PDD Holdings comes because the mum or dad of Chinese language-based on-line retailer Temu faces stress from U.S. tariffs.

Inflation, GDP, Fed Audio system in Focus

Friday’s scheduled launch of the Private Consumption Expenditures Value Index will present how the Federal Reserve’s most well-liked measure of inflation fared in April. The same inflation studying confirmed that value will increase cooled somewhat in April, and the Fed has stated it’s closely watching prices within the wake of Trump’s tariffs.

Wednesday’s anticipated launch of the minutes of the May meeting of the FOMC will present extra perception into Fed officers’ deliberations over rates of interest and the economic system. Likewise, a number of Fed officers are scheduled to talk in the course of the week, together with Fed Gov. Waller, New York Fed President Williams, and San Francisco Fed President Daly.

Revisions to first-quarter GDP are anticipated on Thursday after the preliminary report final month confirmed that the economy shrank within the first three months of 2025. 

The state of the buyer may even be in focus for traders, with studies on shopper confidence and shopper sentiment scheduled to be launched this week. The studies come as latest surveys present that consumers’ moods have soured over considerations that tariffs will drive costs increased. Friday’s anticipated studies on the U.S. commerce deficit, retail inventories, and wholesale inventories will present extra element on how U.S. tariffs are affecting the economic system.