Markets rally ahead of a packed week of earnings and economic data

Markets closed higher on Friday, boosted by gains in tech hardware shares and optimism over potential progress in Iran peace talks. With the Memorial Day holiday on Monday, investors now look ahead to a busy week of economic data and corporate earnings reports. The US market will remain closed on Monday for Memorial Day. Trading resumes on Tuesday, when the latest consumer confidence figures are set to be released. That same day, cybersecurity firm Zscaler (ZS) will report its quarterly earnings.

On Wednesday, three major companies will announce results: semiconductor maker Marvell (MRVL), software giant Salesforce (CRM), and tech manufacturer HP (HPQ). The following day, Thursday, brings a packed schedule. Dell (DELL) will publish its earnings alongside key economic updates, including preliminary GDP numbers, the PCE price index, and weekly jobless claims.

Also on Thursday, Riku Dining Group (RIKU) is expected to price its initial public offering and begin trading. The week wraps up quietly on Friday, with only the Chicago PMI data due for release.

Seeking Alpha’s Wall Street Week Ahead newsletter highlighted these events as the most critical for traders and investors to watch in the coming days. The shortened trading week will feature a mix of economic indicators and corporate results. Investors will focus on inflation signals from the PCE price index, growth clues in GDP figures, and earnings from major tech and semiconductor firms. The market’s reaction to these updates could set the tone for early summer trading.