What To Expect in the Markets This Week (2024)

Key Takeaways

  • The U.S. jobs report on Friday will provide some insight into the state of the labor market.
  • CrowdStrike’s earnings Tuesday will spotlight the cybersecurity sector, while Nio’s report on Thursday could provide insight into the Chinese electric vehicle (EV) market.
  • Lululemon will highlight a string of retailers reporting this week, including Dollar Tree, Five Below and Bath & Body Works.

The U.S.jobs report on Friday will highlight this week’s economic calendar, as Federal Reserve officials will study the information ahead of their June meeting. Fed officials are in a blackout period, but other economic data coming this week include manufacturing and services survey results that could provide insights into the direction of inflation and economic conditions.

Earnings from technology and retail firms will attract most investor attention this week. CrowdStrike (CRWD) earnings will show investors the strength in the cybersecurity sector, while software maker Samsara (IOT) is also set to report. Lululemon (LULU) leads a parade of retailers that also includes Dollar Tree (DLTR) and Five Below (FIVE). Market watchers will also be looking at Nio’s (NIO) earnings, which should provide a look at the Chinese electric vehicle sector.

Monday, June 3

  • S&P flash U.S. manufacturing PMI (May)
  • Construction spending (April)
  • ISM manufacturing (May)
  • GitLab (GTLB) and Science Applications International Corp. (SAIC) report earnings

Tuesday, June 4

  • Factory orders (April)
  • Job openings (April)
  • CrowdStrike Holdings, Hewlett Packard Enterprise (HPE), and Bath & Body Works (BBWI) report earnings

Wednesday, June 5

  • S&P flash U.S. services PMI (May)
  • ADP private-sector employment (May)
  • ISM services (May)
  • U.S. productivity (Q1)
  • U.S. trade deficit (April)
  • Lululemon Athletica (LULU), Dollar Tree (DLTR), Campbell Soup (CPB), and Five Below report earnings

Thursday, June 6

  • Initial jobless claims (Week ending June 1)
  • U.S. productivity and costs
  • Samsara (IOT), Docusign (DOCU), Nio, J.M. Smucker (SJM), and Vail Resorts (MTN) report earnings

Friday, June 7

  • U.S. employment report (May)
  • Consumer credit (May)
  • Wholesale inventories (April)

Jobs Report Could Show Pressure on Fed’s ‘Dual Mandate’

The jobs report on Friday will be closely watched by investors seeking signals for interest rate cuts ahead of the following week’s Federal Open Market Committee (FOMC) meeting.

May’s jobs numbers will come as several Fed officials have brought attention to the central bank’s "dual mandate," which obligates the Fed to balance slow inflation with low unemployment.

April’s payroll report showed employers slowed their hiring, with the 175,000 positions added lower than economists expected, while the unemployment rate in that month edged up to 3.9%. The slowdown was encouraging to some market watchers who were looking for signs that inflation was cooling.

In addition to showing if jobs remain available, the report also will provide details on wage growth, another key element that factors into the path of prices.

Recent inflation reports have prompted several Fed officials to raise questions about the timing of interest rate cuts, after having projected in March that the Fed could make as many as three cuts this year. While the inflation outlook has made officials hesitant to forecast interest rate cuts, a weak labor report could make rate cuts appear necessary for the job market to some Fed officials.

Investors will also be eyeing the Institute of Supply Management (ISM) and S&P flash U.S. manufacturing Purchasing Managers Index (PMI) on Monday, along with the service-sector PMI from those agencies on Wednesday, which could send signals on inflation and gross domestic product (GDP).

Fed speakers are in the blackout period ahead of the June 11-12 FOMC meeting.

CrowdStrike, Lululemon Earnings Highlight Reports From Tech, Retail Firms

Tech firms and retailers will lead the earnings report calendar this week, with investors also likely to get a look at the electric vehicle market.

CrowdStrike earnings on Tuesday will give investors a view of the cybersecurity sector, coming after the company's adjusted earnings of 95 cents last quarter beat analyst estimates, fueled by larger deal sizes for CrowdStrike.

Other tech firms are set to report this week, with software maker Samsara reporting on Thursday after its earnings beat in the prior quarter, and GitLab and SAIC reporting on Monday.

The earnings report from Chinese electric vehicle (EV) maker Nio on Thursday will be studied by market watchers for indications of the strength of China’s EV market, where Tesla (TSLA) is also a competitor.

Lululemon leads retail firms reporting this week, with Dollar Tree, Five Below, and Bath & Body Works also issuing financial updates. Earnings from J.M. Smucker and Campbell Soup will shine a light on consumer demand for groceries.

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What To Expect in the Markets This Week (2024)


Do markets go up or down on Monday? ›

Stock prices fall on Mondays, following a rise on the previous trading day (usually Friday). This timing translates to a recurrent low or negative average return from Friday to Monday in the stock market.

Is the market predicted to go up? ›

The Big Money bulls forecast that the Dow Jones Industrial Average will end 2024 at about 41,231, 9% higher than current levels. Market optimists had a mean forecast of 5461 for the S&P 500 and 17,143 for the Nasdaq Composite —up 9% and 10%, respectively, from where the indexes were trading on May 1.

What's the market doing right now? ›

US Markets
S&P 5005,277.51+42.03
4 more rows

Is it good to get into the stock market right now? ›

While volatility can be tough to stomach, the market is safer than it often seems -- as long as you keep a long-term outlook. In the short term, the market can experience extreme ups and downs. But over decades, it's incredibly consistent at earning positive total returns.

What day of the week is the stock market lowest? ›

However, some traders and investors believe that markets tend to trend downward on Mondays. This can mean much lower returns on Monday than there were to be had on Friday, making Monday traditionally known as a good day of the week to snaffle up potentially undervalued stocks and indices.

Are Fridays bullish or bearish? ›

For short-term traders, Fridays are usually considered good for selling the stock. For buying stocks, Fridays aren't preferable as prices tend to be high. Mondays usually have lower stock prices historically. Therefore, some traders prefer to buy stock on Monday.

Should I pull my money out of the stock market? ›

Unlike the rapidly dwindling balance in your brokerage account, cash will still be in your pocket or in your bank account in the morning. However, while moving to cash might feel good mentally and help you avoid short-term stock market volatility, it is unlikely to be a wise move over the long term.

At what age should you get out of the stock market? ›

There are no set ages to get into or to get out of the stock market. While older clients may want to reduce their investing risk as they age, this doesn't necessarily mean they should be totally out of the stock market.

Which stock will boom in 2024? ›

Top Long Term Stocks to Buy in 2024 Based on 5Y Avg Net Profit Margin
Stock NameSub-SectorShare Price
HDFC Bank LtdPrivate Banks₹1,514.85
Kotak Mahindra Bank LtdPrivate Banks₹1,690.10
Tata Consultancy Services LtdIT Services & Consulting₹3,736.10
Eicher Motors LtdTrucks & Buses₹4,742.95
6 more rows
5 days ago

Why are stocks crashing? ›

The term "stock market crash" refers to a sudden and substantial drop in stock prices. Stock market crashes are often the result of several economic factors, including speculation, panic selling, or economic bubbles. They may occur amid the fallout of an economic crisis or major catastrophic event.

What is the YTD stock market return? ›

YTD return is the amount of profit (or loss) realized by an investment since the first trading day of the current calendar year. YTD calculations are commonly used by investors and analysts to assess the performance of a portfolio or to compare the recent performance of a number of stocks.

How often does the market drop? ›

How Often Do Stock Market Corrections Occur? Corrections occur more frequently than crashes. On average, the market declined 10% or more every 1.2 years since 1980, so you could even say corrections are common.

Should I keep all my money in the stock market? ›

Saving is generally seen as preferable for investors with short-term financial goals, a low risk tolerance, or those in need of an emergency fund. Investing may be the best option for people who already have a rainy-day fund and are focused on longer-term financial goals or those who have a higher risk tolerance.

Will the stock market recover in 2024? ›

The S&P 500 generated an impressive 26.29% total return in 2023, rebounding from an 18.11% setback in 2022. Heading into 2024, investors are optimistic the same macroeconomic tailwinds that fueled the stock market's 2023 rally will propel the S&P 500 to new all-time highs in 2024.

What are the worst months for the stock market? ›

NYSE Composite Seasonal Patterns
  • Best Months: April, July, October, November, and December.
  • Worst Months: January, February, June, August, September.
5 days ago

Do stocks normally drop on Monday? ›

It's called the Monday effect or the weekend effect. Anecdotally, traders say the stock market has had a tendency to drop on Mondays. Some people think this is because a significant amount of bad news is often released over the weekend.

Is it better to buy stocks on Monday or Friday? ›

Mondays and Fridays tend to be good days to trade stocks, while the middle of the week is less volatile. Historically, April, October, and November have been the best months to buy stocks, while September has shown the worst performance.

What is the Monday effect in trading? ›

The monday effect, an oft-quoted 1970s stock market theory, suggests that Monday's market open will mirror the previous Friday's close. Some day traders and short-sellers follow the Monday effect because they believe it allows them to plan ahead.

What day of the week are markets the highest? ›

According to analysis by Yahoo Finance's Jared Blikre, Thursday tends to be the highest returning day of the week for the S&P 500 (^GSPC) and stock markets in general. He also examines market performance trends for different periods of the day.

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