What to Watch in the Day Ahead - Tuesday, May 20
Home Depot is expected to post a rise in first-quarter revenue as solid demand from professional contractors offset a slowdown in spending on big-ticket renovation projects. Investors will look out for any comments on demand recovery, impact from Chinese tariffs and potential price hikes.
JPMorgan Chase is set to hold its annual general meeting, a day after investor day event where the bank said it could earn more from interest payments this year as consumers and businesses remain resilient despite economic uncertainty.
Alphabet CEO Sundar Pichai and Google DeepMind CEO Demis Hassabis are among the executives slated to speak about new AI advancements at Google's annual developer conference amid looming concerns over the company's ability to monetize AI and maintain its dominance over search.
Investors may also watch for clues on policy as several Fed policymakers gear up to speak at various events. Atlanta Fed’s Raphael Bostic is expected to make welcome back remarks before the 2025 Financial Markets Conference (0900/1300) Also speaking at the conference are San Francisco Fed President Mary Daly and Cleveland Fed President Beth Hammac. Bostic will also moderate a discussion on ‘Financial Intermediation In Transition: How Will Policy Adapt?’ (1900/2300) Separately, Richmond Fed President Thomas Barkin speaks at Investing in Rural America Conference (0900/1300). Federal Reserve Bank of Boston posts remarks of President Susan Collins before a closed "Fed Listens" event in Keene, New Hampshire. (0900/1330) Also, St. Louis Fed’s Alberto Musalem speaks on the U.S. economy and monetary policy before the Economic Club of Minnesota. (1300/1700)
In Latin America, Argentina's trade balance is scheduled for release.
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