Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Splunk, Car Sales, Fed Speakers: 3 Things to Watch

Stock MarketsJun 01, 2021 03:27PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Christiana Sciaudone

Investing.com -- Stocks lost steam after a strong start to the day in this holiday-shortened unofficial first week of summer. 

Brent Oil Futures, in time for the season, hit $70 as the Saudi energy minister kept the market guessing as to whether more supply will be added to the market this year to keep pace with the accelerating global recovery.

Yet another company has become a cyberattack victim as JBS, the world's largest meat producer, was forced to shutter its five biggest beef plants in the U.S., Bloomberg reported. Watch for prices of hamburgers to jump right in time for grilling season. Operations in Australia and Canada were also shut down. 

Zoom Video Communications Inc (NASDAQ:ZM)results are out this afternoon, and will give the market insight into how pandemic-era stocks are handling the reopening of the U.S. 

Here are three things that could affect markets tomorrow:

1. Earnings

The earnings calendar is light, and most of the big names are due to hit after the close. Software company Splunk (NASDAQ:SPLK) is expected to post $491.6 million in revenue, while consensus is for NetApp (NASDAQ:NTAP) to pull in $1.5 billion in sales. Calvin Klein and Tommy Hilfiger parent PVH (NYSE:PVH) is also due.

2. Car sales 

Expect low inventories driven by chip shortages and seasonal factors to crimp car sales. Consensus is for a dip to 18 million in May from April's 18.5 million. Car makers will release their numbers throughout the day.

3. Fed speak

Patrick Harker, Robert Kaplan, Charles Evans and Raphael Bostic all take part in a forum hosted by the Minneapolis Fed on racism and the economy. If you'd rather read, the Beige Book is due at 2:00 PM ET (1800 GMT).

 

Splunk, Car Sales, Fed Speakers: 3 Things to Watch
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
lucky njoroge
lucky njoroge Jun 01, 2021 9:14PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Brilliant, got it. Thank you.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email