As markets gear up for a holiday-shortened week following Memorial Day, investors are bracing for a flood of economic data and tech earnings that could set the tone for the near future.

Tuesday kicks off with Durable Goods Orders and Consumer Confidence, shedding light on manufacturing strength and consumer optimism. Midweek, the FOMC Meeting Minutes on Wednesday will reveal the Federal Reserve’s latest thinking on rates amid persistent inflation concerns. The week wraps with the Personal Consumption Expenditures (PCE) report on Friday, a key inflation gauge that could sway future policy.

In the corporate spotlight, tech heavyweights take center stage. Nvidia’s Wednesday earnings will test its AI dominance against geopolitical hurdles, with analysts eyeing robust growth despite challenges. Salesforce reports Tuesday, aiming to impress with its AI-driven platform, while Marvell Technology faces skepticism Wednesday after a steep stock drop—though AI tailwinds could spark a rebound.

With holiday-thinned liquidity amplifying potential swings, these releases could ripple through markets. From Fed policy signals to tech sector momentum, this week’s outcomes may shape expectations well into June.

Key Economic Indicators Releases

The following table summarizes the release dates, times, and corresponding data periods for each indicator:

Durable Goods Orders

Durable Goods Orders for April 2025 are scheduled for release on Tuesday, May 27, 2025, at 8:30 AM EDT. This advance report, issued by the U.S. Census Bureau, measures new orders placed with domestic manufacturers for durable goods, which are products expected to last at least three years. The data is a key indicator of manufacturing activity and economic health, often influencing expectations for industrial production and GDP growth. Historical data, such as the March 2025 release showing a 9.2% increase to $315.73 billion from previous month, underscores its volatility and market impact .

Consumer Confidence

The Consumer Confidence Index for May 2025, typically released by The Conference Board, is set for Tuesday, May 27, 2025, at 10:00 AM EDT. This index gauges consumer optimism about current and future economic conditions based on surveys conducted during the month. The release of the index at the end of April has shown a 7.9 points drop to 86.0 this month, the lowest reading since May 2020. This indicator is crucial for assessing consumer spending intentions, a major driver of economic growth.

FOMC Meeting Minutes

The minutes from the Federal Open Market Committee (FOMC) meeting held on May 6-7, 2025, will be released on Wednesday, May 28, 2025, at 2:00 PM EDT. These minutes, released three weeks after the meeting, provide detailed insights into the discussions and decisions regarding monetary policy, including interest rates and economic outlook. Given the proximity to recent market movements, these minutes could offer clarity on the Federal Reserve's stance, especially in light of inflationary pressures and employment trends.

Personal Consumption Expenditures (PCE)

The PCE price index for April 2025, a key inflation measure for the Federal Reserve, is scheduled for Friday, May 30, 2025, at 8:30 AM EDT. This release, part of the Personal Income and Outlays report, reflects consumer spending and price changes, with the core PCE excluding volatile food and energy prices being particularly watched. The PCE index has increased 2.3% year-on-year in March 2025, the lowest in five months but above market expectations of 2.2%

The April 2025 data, released about a month later, will provide insights into inflation trends after Trump administration’s series of tariff and tax policies, potentially influencing expectations for future rate adjustments.

Company Earnings

This week, three major tech companies—Nvidia, salesforce, and Marvell Technology—are set to release their earnings reports, offering critical insights into their performance amid evolving market dynamics. Investors are particularly focused on how these firms navigate AI demand, geopolitical tensions, and analyst expectations. Below is a concise overview of what to expect from each company’s earnings news, all within a 600-word framework.

Nvidia (NVDA)

Nvidia’s fiscal first-quarter earnings, due after the bell on Wednesday, are poised to be a market highlight. The company’s stock has faced turbulence this year due to the Trump administration’s ban on H20 chip shipments to China and looming semiconductor tariffs. However, a reprieve from Washington’s AI diffusion rule and investment commitments announced during Trump’s Middle East visit have steadied the stock, leaving it flat year-to-date but up 40% over the past year. Nvidia’s Computex Taipei showcase, featuring new cloud offerings with partners like CoreWeave and Foxconn, has further fueled optimism.

Analysts expect nvidia to report adjusted earnings per share (EPS) of $0.88 on revenue of $43.3 billion, a sharp rise from last year’s $0.61 EPS and $26 billion. Data Center revenue is projected at $39.2 billion (up 74% year-over-year), Gaming at $2.8 billion, and China sales at $6.2 billion (up 150%). Yet, a $5.5 billion write-down tied to the H20 ban looms large. Nvidia is developing a modified H20 chip to comply with tightened U.S. restrictions, while CEO Jensen Huang has criticized these policies for boosting China’s AI chipmakers. A deal to supply GPUs to Saudi-backed AI startup Humain underscores Nvidia’s growth ambitions.

Salesforce (CRM)

Salesforce will unveil its fiscal first-quarter results on May 28, with Wall Street anticipating EPS of $2.54, up 4.1% year-over-year, and revenue of $9.74 billion, a 6.6% increase. The cloud-based CRM giant has gained momentum with its AI-powered Agentforce platform. On May 23, one of the top analysts reaffirmed a “Buy” rating with a $375 price target, citing Salesforce’s strong positioning ahead of earnings. This optimism reflects confidence in the company’s ability to harness AI for sustained growth, even as broader economic uncertainties persist.

Marvell Technology (MRVL)

Marvell Technology’s first-quarter results for Fiscal 2026, set for May 29, come under scrutiny after a 44% year-to-date stock drop. Melius Research recently downgraded Marvell from “Buy” to “Hold” with a $66 price target, citing a flawed bullish thesis tied to slower-than-expected growth in Amazon’s Tranium and custom silicon momentum. Despite this, analysts forecast EPS of $0.61 (up 154% year-over-year) and revenue of $1.88 billion (up 62%), driven by AI tailwinds. While some analysts see risks of rangebound performance, the broader analyst community remains bullish, with a Strong Buy consensus and an average price target of $97.81, suggesting 58.1% upside potential.

Looking Ahead

As the week progresses, investors will focus on a mix of key economic indicators and tech earnings that could steer market sentiment and influence monetary policy expectations.

With trading volumes potentially lower due to holidays, expect heightened volatility. Investors should keep an eye on inflation signals, Fed policy direction, and tech sector performance. This week’s developments could lay the groundwork for market trends as we head into the summer months.