Salesforce earnings, OpenAI IPO filing, April PCE: What to Watch

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Time now for what to watch for the week of May 25th.

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Markets are closed on Monday for Memorial Day, but we’ll reopen for normal trading hours on Tuesday.

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On the earnings front, the calendar is packed across tech, retail, and software.

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On Wednesday, we’ll hear from Salesforce, Snowflake and HP giving us a read on enterprise spending.

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Then on Thursday, Dell reports, but it’s also a big retail check-in with results from Costco, Best Buy and Dollar General.

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Investors will be watching closely for signs of consumer health.

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Zeroing in on Salesforce, the company announced in quarterly results on Wednesday, expectations are building around a potential slowdown and new contract signings, analysts expecting longer sales cycles and macro uncertainty to weigh on growth there.

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Sticking with tech, investors are bracing as reports come in that Open AI could file for an IPO next week.

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The company has been working with bankers to prepare a filing in the coming days, setting up what could be one of the biggest public debuts ever.

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That’s coming alongside SpaceX, which also filed its S1 on Wednesday, and finally, we’re getting the Fed’s preferred inflation gauge.

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Personal consumption expenditures on Thursday.

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Economists are forecasting headline PCE to rise 0.5% for April.

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That’s down from March’s print with Core PCE still holding steady at 0.3% on a month-over month basis.