The news will come with stocks on pace to close out a strong month that included all-time highs.
Stocks are poised to end an impressive month of gains after some softer inflation data released earlier in May and stronger-than-expected corporate earnings revived investor exuberance in the market rally.
On Friday, the 30-stock Dow was on pace to snap a five-week win streak, falling by 2% for the period.
Pesky inflation, consumer weakness The April personal income and expenditures report, which includes the PCE inflation reading, could confirm the recent trend of cooling inflation.
Pending Home Sales (April) Earnings: Costco Wholesale , Ulta Beauty , NetApp , Best Buy , Dollar General , Hormel Foods Friday, May 31 8:30 a.m.
Persons:
Dow, Mike Dickson, Dickson, FactSet, Goldman Sachs, David Mericle, Steph, it's, Christian Mueller, Glissmann, Mueller
Organizations:
Dow Jones, Nasdaq, Horizon Investments, Fed, PCE, Robinhood, Costco Wholesale, Software, Dallas Fed, Richmond Fed, Hormel, Chicago PMI
Locations:
Chicago