By Jake Conley
Publication Date: 2026-05-17 10:42:00
Investors step into the week after a Friday in the red, spurred by a stable of geopolitical uncertainties post Trump-Xi summit, rising bond yields, and sticky inflation.
The S&P 500 (^GSPC) closed Friday down 1.2% to gain just 0.1% on the week, while the tech-heavy Nasdaq (^IXIC) finished Friday down 1.5% for a loss of roughly 0.1% over the five-day stretch. The Dow Jones Industrial Average (^DJI) closed Friday in the red by 1.1% to end the week down 0.2%.
On Friday, investors kept the 10-year yield (^TNX) firmly in focus as it zoomed past 4.5%. Expect the market to resume refreshing the page on Monday.
Things to circle on the calendar
After several weeks of chock-full economic and earnings calendars, investors will get a bit of a breather stepping into this five-day stretch.
Nvidia (NVDA) quarterly results on Wednesday will dominate the week. The company just this past week surpassed the $5.7 trillion mark, reaffirming the semiconductor giant’s place as the largest company in the world. Coming off CEO Jensen Huang’s trip to China alongside President Trump, any commentary about dealmaking on that front will be in focus.
Elsewhere on the earnings calendar, we’re watching results from big box retailers Target (TGT) and Walmart (WMT) on Wednesday and Thursday, respectively, alongside budget airline Ryanair on Monday and major government contractor Booz Allen Hamilton (BAH) on Friday.
The University of Michigan’s readings on market…
