This will be another busy week for investors as regional banks remain volatile and big corporations host investors for annual meetings.
Stocks ended the Friday session little changed and, for the week, the Nasdaq Composite was the only major benchmark to end slightly up, lifted by Microsoft and Google.
FOX Business breaks down the events likely to move financial markets in the coming days.
Investors and CEOs are closely watching the debt ceiling as talks are expected to continue this week between lawmakers and President Biden.
The U.S. government could default on some obligations in the first two weeks of June if no deal is reached, according to the Congressional Budget Office.
Economic data being reported Monday will include the New York Fed manufacturing index, which unexpectedly jumped in April to show growth for the first time in five months. Additionally, data on credit card and household debt will be closely watched.
Overseas, the European Union may choose Monday to decide on Microsoft’s $69 billion Activision deal, the biggest in the gaming industry and for the software giant. Regulators initially blocked the deal, so Microsoft agreed to licensing deals with other cloud companies. The EU’s self-imposed deadline for a decision is May 22.
And the Writers Guilds Association will continue its strikes Monday, with plans for rallies on the East and West coasts.
Tuesday earnings before market open will include Baidu, Tencent Music Entertainment and Home Depot.
The retailer will give investors fresh insight on sentiment among homeowners and buyers amid higher mortgage rates.
In economic data, retail sales, industrial production, business inventories and the NAHB housing market index will be released.
As for Fed speeches, Federal Reserve Bank of Cleveland President Loretta Mester, Federal Reserve Bank of Atlanta President Raphael Bostic, Federal Reserve Bank of Chicago President Austan Goolsbee and New York Federal Reserve President John Williams will also speak.
Tesla will hold its annual meeting at Gigafactory Texas. Optimism has grown that Elon Musk will return his energy to Tesla after stepping back from the CEO role at Twitter.
On Friday, he announced Linda Yaccarino will take over the top role at the social media platform.
Earnings Wednesday morning will include Jack in the Box, Target, TJX Cos and Tupperware Brands.
After markets close, Cisco Systems, Synopsys and Take-Two Interactive will all report.
Wednesday’s economic data will include MBA mortgage applications, building permits, housing starts and EIA weekly crude stocks.
JPMorgan will host its annual meeting virtually. Recently, the bank took over First Republic’s assets after it was taken over by regulators.
On Thursday, earnings in the morning will include Alibaba, Dole PLC and Walmart.
The nation’s largest retailer will give insight into how Americans are dealing with inflation, which remains above 5%.
After the markets, Applied Materials, DXC Technology and Ross Stores will report.
Economic data on Thursday will keep investors busy as they closely watch initial jobless claims, the Philly Fed business index, existing home sales and conference board’s index of leading economic indicators to keep their fingers on the pulse of the economy.
Earnings on Friday will be rounded out by Deere & Company and Foot Locker.
Toyota will debut its much anticipated 2024 Tacoma.
Jessica MacKenzie contributed to this story.