June 1–5, 2026
Markets head into the week with the May jobs report, ISM manufacturing and services data, April JOLTS openings, and a late-week earnings slate. The other thing still hanging over the tape is the Strait of Hormuz. Shipping has improved from the worst of the spring disruption, but the latest reporting still points to a fragile, not finished, diplomatic situation, which means oil and inflation expectations can still move on any new headline.
Upcoming Earnings
Monday, June 1
- Hewlett Packard Enterprise (HPE) — After Close
Tuesday, June 2
- Dollar Tree (DLTR) — Before Open
- Palo Alto Networks (PANW) — After Close
Wednesday, June 3
- Macy’s (M) — Before Open
- Broadcom (AVGO) — After Close
- CrowdStrike (CRWD) — After Close
Thursday, June 4
- Ciena (CIEN) — Before Open
- lululemon (LULU) — After Close
- DocuSign (DOCU) — After Close
Economic Data (ET)
Monday, June 1
- 10:00 – ISM manufacturing PMI (May)
- 10:00 – Construction spending (Apr)
Tuesday, June 2
- 10:00 – JOLTS job openings (Apr)
Wednesday, June 3
- 10:00 – ISM services PMI (May)
Thursday, June 4
- 8:30 – Productivity and costs, revised (Q1)
Friday, June 5
- 8:30 – Employment report (May)
Fed Speakers
Wednesday, June 3
- Michael Barr, Fed Governor — Discussion: Conversation with Michael Barr (9:00 a.m. ET).
Why This Week Matters
The macro calendar is not huge – and it has enough to matter. Monday’s ISM manufacturing report helps set the tone for June, Tuesday’s JOLTS release updates the labor picture, Wednesday’s ISM services report fills in the broader economy, and Friday’s payrolls number is the week’s main event. Thursday’s revised productivity report also matters because it offers another read on margins and labor costs between the ISM data and payrolls.
The Strait of Hormuz still hangs over all of it. Tanker traffic has started moving again, which has helped calm the worst energy-shock fears, but the broader diplomatic picture remains unsettled enough that fresh headlines can still move oil, inflation expectations and risk appetite. On the corporate side, Broadcom and CrowdStrike headline Wednesday, while Thursday adds lululemon, DocuSign and Ciena, giving the market a useful set of read-throughs on AI infrastructure, cybersecurity, consumer demand and networking.
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