News Bulletin
Monday, June 1st, 2026
Morning Edition
Economic Numbers:
|
Time |
Event |
Actual |
Forecast |
Previous |
|
Monday, June 1st, 2026 |
||||
|
9:45 |
S&P Global Manufacturing PMI (May) |
|
55.3 |
54.5 |
|
10:00 |
ISM Manufacturing PMI (May) |
|
53.3 |
52.7 |
|
10:00 |
ISM Manufacturing Prices (May) |
|
85.3 |
84.6 |
|
10:00 |
Construction Spending (MoM)
(Apr) |
|
0.30% |
0.60% |
|
10:00 |
ISM Manufacturing Employment (May) |
|
|
46.4 |
|
10:00 |
ISM Manufacturing New Orders Index (May) |
|
|
54.1 |
|
11:30 |
Atlanta Fed GDPNow
(Q2) |
|
3.80% |
3.80% |
|
11:30 |
3-Month Bill Auction |
|
|
3.60% |
|
11:30 |
6-Month Bill Auction |
|
|
3.65% |
Indices
|
|
CLOSE |
50 DMA |
200 DMA |
|
DJIA |
51,032.46 |
48,568.18 |
47,737.53 |
|
NASDAQ |
26,972.62 |
24,289.04 |
23,194.31 |
|
S&P 500 |
7,580.06 |
7,057.70 |
6,831.41 |
Earnings Calendar:
(EPS: Earning Per Share / Rev: Revenue / Mkt Cap : market Capital/ BMO :
Before Market Opening /AMC : After Market Close)
|
NAME |
COMPANY |
Mkt CAP |
EPS (Forcast) |
EPS (Actual) |
Rev (Forcast) |
Rev (Actual) |
Time |
|
HIVE |
HIVE
Digital Technologies |
$1.14B |
-0.22 |
|
$79.17M |
|
|
|
SAIC |
Science
Applications |
$4.49B |
2.28 |
(+14.27%) +$2.61 |
$1.82B |
(+4.81%) +$1.91B |
BMO |
|
CRDO |
Credo
Technology Group Holding Ltd |
$43.54B |
1.02 |
|
$431.80M |
|
AMC |
|
HPE |
Hewlett
Packard Enterprise |
$57.11B |
0.54 |
|
$9.78B |
|
AMC |
Market
News:
IBM shares jumped as much as 15% in premarket trading on Monday after a
video of President Donald Trump praising the company’s CEO resurfaced on social
media over the weekend. The surge in IBM (NYSE:IBM) shares follows a 33%
increase in Dell stock Friday, which gained attention on social media after
being perceived as a Trump-favored company.
The Dow futures contract had risen by 266
points, or 0.5%, S&P 500 futures had climbed by 21 points, or 0.3%,
and Nasdaq 100 futures had advanced by
74 points, or 0.2%.
FedEx Corp.
(NYSE:FDX) rose 1% Monday following the completion of its
spin-off of FedEx Freight Holding Company, Inc. (NYSE:FDXF), creating two
independent publicly traded companies.
The separation was achieved through a distribution of 80.1% of FedEx Freight’s
outstanding shares to FedEx stockholders on a pro rata basis. Each FedEx
stockholder received one share of FedEx Freight common stock for every two
shares of FedEx common stock held as of the close of business on May 15, 2026.
FedEx Freight began regular way trading Monday on the New York Stock Exchange
under the ticker symbol "FDXF."
On Monday, Science Applications International Corporation
(NASDAQ:SAIC) reported first quarter results that significantly exceeded
Wall Street expectations and raised its full-year profit outlook. The defense contractor’s shares jumped 8.82% in pre-market
trading after the release.
The company posted adjusted earnings per share of $3.23 for the first
quarter of fiscal 2027, beating the analyst consensus of $2.28 by $0.95.
Revenue reached $1.91 billion, surpassing estimates of $1.82 billion and
representing 2% growth from $1.88 billion in the prior-year period. Organic
growth, excluding the SilverEdge acquisition, was
0.5%.
Software stocks rallied broadly on Monday after Nvidia
CEO Jensen Huang dismissed concerns that the industry faces disruption from
advanced AI tools.
ServiceNow (NYSE:NOW) surged 10%, while IBM (NYSE:IBM)
jumped 12%, leading gains across the sector. Salesforce
(NYSE:CRM) rose 6.5%, Atlassian
(NASDAQ:TEAM) gained 6.6%, and HubSpot
(NYSE:HUBS) climbed 6%. Adobe (NASDAQ:ADBE) and Workday
(NASDAQ:WDAY) each advanced 5%, while Veeva
Systems (NYSE:VEEV) added 4% and Microsoft (NASDAQ:MSFT) rose 4%. Palantir (NYSE:PLTR) gained 3% and Palo
Alto Networks (NASDAQ:PANW) increased 2%. The iShares Expanded Tech-Software Sector ETF rose 4.7%.
The rally followed Huang’s keynote speech at the Computex
trade show in Taipei, where he addressed industry concerns about AI’s impact on
software companies.
For
internal use only