This week is shaping up to be another busy one for investors with earnings reports, Fed speeches, and Apple's Worldwide Developers Conference.
Also, oil prices spiked higher over the weekend after Saudi Arabia led the charge of a 1-million per barrel production cut at the OPEC+ meeting. This could mean higher gas prices for U.S. drivers this summer.
As for equities, the NASDAQ composite is sitting at the highs of the year helped by chip companies including Nvidia and the stronger-than-expected May jobs report.
FOX Business breaks down more events likely to move financial markets in the coming days.
Apple will begin it's annual Worldwide Developers Conference on Monday. The event which is virtual, except for the opening day, will run through Friday.
The opening Keynote address, with CEO Tim Cook, will have a live audience, in front of which Apple is expected to reveal it's first ever VR headset.
CUPERTINO, CALIFORNIA - SEPTEMBER 07: Apple CEO Tim Cook looks on during an Apple special event on September 07, 2022 in Cupertino, California. Apple unveiled the new iPhone 14 as well as new versions of the Apple Watch, including the Apple Watch SE, ((Photo by Justin Sullivan/Getty Images) / Getty Images)
Investors will also be looking closely at economic data, which on Monday will include the S&P Global services PMI, the ISM non-manufacturing PMI, factory orders, and the Conference Board’s employment trends.
Earnings on Tuesday will kick off with Chico’s FAS, Cracker Barrel, and JM Smucker before markets open.
After the bell, Casey’s General Stores, Dave & Buster’s Entertainment, and Stitch Fix will report.
Honda will unveil the Elevate, a mid-size SUV and Kawasaki USA will unveil 16 new vehicles.
Earnings before markets open on Wednesday will include Brown-Forman, Campbell Soup, J Jill, United Natural Foods, and Vera Bradley.
While Rent the Runway will report results in the evening.
Economic data at the top of investors minds on Wednesday will include mortgage applications, international trade, EIA weekly crude stocks, and Consumer credit.
And Janet Yellen will testify about her default date predictions in front of the House Financial Services Committee.
U.S. outgoing Treasury Secretary Janet Yellen in Washington, U.S. December 13, 2017. (Reuters/Jonathan Ernst) (Reuters/Jonathan Ernst / Reuters Photos)
Investors will also be locked on congressional hearings about maintaining the Dollar's status as the global reserve currency and the intersection of intellectual property and artifical intelligence.
Nikola, the alternative fuel automobile startup, will host it's annual meeting as it continues to burn cash and after it recently received a delisting notice from Nasdaq.
Harley-Davidson will unveil 2 new 2023 CVO motorcycles, while Volvo will debut the RX30 electric SUV, which it says will have the lowest carbon footprint of any of its production models ever.
Earnings on Thursday will include Designer Brands, Hooker Furniture and Signet Jewelers.
After markets close Vail Resorts will report its earnings.
Economic data on Thursday will include wholesale inventories and sales, as well as the closely watched initial jobless claims.
A Porsche 356 Nr. 1 Roadster is on display during the 75 years Porsche sports car exhibition "Driven by Dreams" in Berlin, Germany, January 25, 2023. REUTERS/ Lisi Niesner (Reuters Photos)
Porsche will unveil a new sports car on the 75th anniversary of the first Porsche 356 certified for the road on Thursday. Lexus will unveil its own car on Thursday, the first-ever TX a luxury SUV.
The week will end on a quiet note with no scheduled earnings to report but Elon Musk's SpaceX Falcon 9 is expected to launch from Cape Canaveral, Floridia.
(AP Photo/Matt Rourke / AP Newsroom)