News
Nvidia’s market cap surpasses $3 trillion for the first time
Lululemon: The sportswear retailer is expected to post a 6 percent increase in first-quarter net profit, with revenue growth of 9.6 percent compared to the previous year, as demand for its apparel picks up. remains despite persistent inflation.
Other companies: Dollar Tree, Brown Forman and Campbell Soup will report earnings before the bell rings. Five Below will report results after markets close.
Canada Rate Decision: The Bank of Canada is expected to cut rates at its meeting today by 0.25 percentage points, becoming the first G7 country to cut rates this year. Last month, government data showed that overall inflation in April decreased from 2.9% to 2.7%.
ISM Services: Activity in the US services sector is expected to have recovered in May to a reading of 50.8, compared to a reading of 49.4 in April. A value above 50 indicates that the sector is expanding.
US Private Payrolls: ADP will release its US employment report for May, which will provide insight into the labor market ahead of official government numbers on Friday. Private payrolls are expected to have created 175,000 jobs in May, compared to the 192,000 created in April.
Biden: The US president will arrive in France as he joins other world leaders for the 80th anniversary of D-Day on Thursday.