News from a tech giant, inflation data and earnings from a meme-stock legend are among the highlights of the week ahead in markets.
Apple’s annual Worldwide Developers Conference opens the week with a keynote session from CEO Tim Cook scheduled for Monday.
A U.S. inflation report scheduled for Wednesday could indicate whether President Donald Trump’s tariffs are beginning to have an effect on the economy.
Trump’s tariffs will be a key topic in Friday’s consumer sentiment report, which dropped for four straight months before leveling out in May.
GameStop Reports As It Jumps into Bitcoin Market GameStop’s (GME) earnings report comes as the video-game retailer dips its toe in the cryptocurrency pool.
Highlights of the upcoming market week include news from a tech giant, inflation data, and earnings from a legend of meme stocks.
On Monday, CEO Tim Cook will give the keynote address at Apple’s annual Worldwide Developers Conference, which kicks off the week. Cook will probably discuss the company’s new partnerships, services, and products during the event. During Tuesday’s earnings call, GameStop may provide more details about its cryptocurrency strategy. Investors will also receive financial updates from key companies in the expanding artificial intelligence (AI) market throughout the week.
A U. S. . Wednesday’s inflation report may show whether President Donald Trump’s tariffs are starting to affect the economy. The news comes after Friday’s strong jobs report.
Investors will watch tariffs as Trump’s trade deal deadline draws near, following last week’s market recovery from trade tensions that saw the SandP 500 return above 6000. Meanwhile, the Senate will keep trying to pass Trump’s “Big, Beautiful” budget bill in the face of growing criticism from Elon Musk, the CEO of Tesla and the former head of the Department of Government Efficiency.
Check out our calendar of important events at the bottom, along with an additional item.
The impact of inflation is examined by economists in the May CPI report.
The first look at May inflation will be provided by the anticipated release of the Consumer Price Index (CPI) on Wednesday. Trump is pressuring the Federal Reserve to cut interest rates, and the report may set the tone for the central bank’s upcoming meeting. Prior to their upcoming two-day meeting, which starts on June 17, Fed officials are currently in a blackout period.
Friday’s consumer sentiment report, which fell for four consecutive months before leveling out in May, will focus heavily on Trump’s tariffs. Consumers’ persistent concerns that tariffs will raise inflation have caused the closely watched survey to reach some of its lowest levels since the pandemic occurred. The decline in sentiment may have reached its lowest point as inflation has recently seemed to be under control.
As it enters the Bitcoin market, GameStop reports.
The video game retailer GameStop (GME) is making its first foray into the cryptocurrency market with its earnings report. The company, whose explosive growth in 2021 sparked the meme stock craze, revealed in late May that it had purchased $500 million worth of bitcoin. GameStop wants to follow in the footsteps of Michael Saylor’s Strategy (MSTR) and other businesses that base their business models on purchasing bitcoin, as its retail video game business is in decline.
This week, AI will be a major theme in other corporate earnings. Following the announcement in January that the database software company would join ChatGPT creator OpenAI and SoftBank in a joint venture called Stargate to develop AI infrastructure, Oracle (ORCL) released its report on Wednesday. Adobe’s (ADBE) sales of AI-enhanced graphics software are also anticipated to be a major topic of the company’s report on Thursday.
Quick Links: Market News | Trading Recap for the Past Week.
This Week’s Schedule.
June 9th, Monday.
April wholesale inventory 1.
Tim Cook’s keynote speech and special event kick off Apple’s (AAPL) WWDC conference.
Important Profits: Casey’s General Stores (CASY) 3.
June 10th, Tuesday.
Index of NFIB Small Business Optimism (May)4.
Major Profits: J. GameStop. Ms. Academy Sports & Outdoors (ASO), Core & Main (CNM), Smucker (SJM), and GitLab (GTLB).
June 11th, a Wednesday.
Consumer Price Index (May) 10.
Oracle, Chewy (CHWY), SailPoint (SAIL), and Cognyte Software (CGNT)11121314 are the top earners.
Additional Data to Monitor: Monthly U. A. The May 15 federal budget.
12 June, Thursday.
First claims for unemployment (week ending June 7)16.
The robotaxi from Tesla (TSLA) is anticipated to launch17.
Adobe18 is the main earnings.
Additional Information to Monitor: Producer Price Index (May)19.
June 13th, Friday.
preliminary (June)20 consumer sentiment.
One Additional Thing.
