Stock markets finished strong last week, with the S&P 500 rising 1.6%, the Nasdaq gaining 2.3%, and the Dow up over 1%, putting the S&P 500 within 2% of all-time highs.
The rally followed May’s employment report showing 139,000 jobs added and unemployment holding at 4.2%. This week brings critical inflation data for both consumer and wholesale prices, plus consumer sentiment readings. US-China trade negotiations continue in London as markets seek clarity on tariffs.
Corporate highlights include earnings from GameStop, Oracle, and Adobe, plus Apple’s developer conference. While the jobs data eased recession fears and suggests the Fed will maintain current rates, some economists point to concerning details like downward revisions to prior months and rising unemployment among prime-age workers.