Earnings season is slowing down, but there are still notable results due from tech leaders and retailers this week. The highlight will come from Nvidia. The AI leader is due to report on Wednesday.
Zoom Video Communications reports on Monday, followed by AutoZone and Lowe's on Tuesday. Target, TJX, and Snowflake are among the other Wednesday reports, with Ross Stores, Workday, and Intuit scheduled to post results on Thursday.
The week's economic highlight comes on Wednesday, when the Federal Reserve releases minutes from the last meeting of the Federal Open Market Committee.
Monday 5/13
Keysight Technologies, Palo Alto Networks, and Zoom Video Communications report quarterly results.
Tuesday 5/14
AutoZone, Lowe's, and Toll Brothers release earnings.
Wednesday 5/15
Analog Devices, e.l.f. Beauty, Nvidia, PDD Holdings, Snowflake, Synopsys, Target, TJX Cos., and Williams-Sonoma announce quarterly results.
The Federal Open Market Committee releases the minutes from its April 30 -- May 1 monetary-policy meeting. At that meeting, the FOMC kept the federal-funds rate unchanged at a multi-decade high of 5.25% -- 5.50%.
The National Association of Realtors reports existing-home sales for April. Consensus estimate is for a seasonally adjusted annual rate of 4.16 million homes sold, slightly fewer than in March.
Thursday 5/16
Deckers Outdoor, Intuit, Medtronic, Ralph Lauren, Ross Stores, Toronto-Dominion Bank, and Workday hold conference calls to discuss quarterly results.
S&P Global releases both its Manufacturing and Services Purchasing Managers' Indexes for May. Economists forecast a 50.3 reading for the Manufacturing PMI and a 51.5 for the Services PMI. Both estimates would be slightly higher than the April figures.
The Census Bureau reports new residential sales data for April. The consensus call is for a seasonally adjusted annual rate of 675,000 new single-family homes sold, 18,000 fewer than in March.
Friday 5/17
The Census Bureau releases the durable goods report for April. New orders manufactured durable goods are expected to decline 0.5% month over month to $282 billion, after a 0.9% jump in March. The final reading of University of Michigan Consumer Sentiment for May.
