The sharp selloff on Friday, triggered by escalating tensions in the Middle East, could weigh further on markets this week. The situation remains fluid and will likely dominate headlines in the near term, adding a layer of geopolitical risk to an otherwise quiet stretch for markets. With earnings season effectively wrapped up—aside from a few remaining reports like Accenture (NYSE:ACN) this week—investors will be looking for direction from macro developments and policy signals.
Trade remains a looming overhang. While last week’s China–U.S. meetings in London helped support sentiment, only one agreement has been finalized so far. The 90-day tariff pause is nearing its expiration, and progress will need to accelerate to avoid renewed pressure on supply chains. The upcoming G7 Summit in Canada could be a key catalyst. Any signs of alignment or additional deals could offer some relief and inject optimism into markets currently on edge.
The Fed also takes center stage this week, with the FOMC meeting concluding Wednesday. No change in rates is expected, as inflation continues to trend toward target and the labor market remains stable. However, May retail sales data on Tuesday and Chair Powell’s post-meeting comments could influence expectations for the rest of 2025. Markets will be listening closely for any signals on the path of rate cuts amid rising global uncertainty.
Markets will be closed on Thursday in observance of Juneteenth.
Monday
Tuesday
Retail sales
Wednesday
FOMC interest rate decision
Thursday
Markets closed
Friday
Earnings: ACN
Tracking This Week
Subscribe to get access
Read more of this content when you subscribe today.
NVIDIA Inc (NASDAQ:NVDA) continues to hover at current levels, with multiple breakout attempts falling just short despite the steady stream of positive headlines. CEO Jensen Huang’s tour through Europe continues to generate enthusiasm, highlighting new AI partnerships and expansion plans. While the absence of export control relief in last week’s China–U.S. trade talks was disappointing, NVIDIA’s core demand remains incredibly strong. Even without China, the company is running at full throttle—and any shift in trade policy that reopens that market could send the stock sharply higher. NVIDIA has minimal direct exposure to the Middle East conflict, so the geopolitical overhang may prove temporary.
Tesla Inc (NASDAQ:TSLA) has been on a volatile ride, driven largely by the turbulent dynamic between CEO Elon Musk and President Donald Trump. For now, tensions appear to have cooled, with public barbs subsiding and prior threats of investigations into Musk’s companies seemingly off the table. In a related move, the NHTSA announced a new streamlined process for evaluating automated driving systems, which could accelerate Tesla’s Full Self-Driving (FSD) roadmap. With political risk easing and the limited launch of a robotaxi service in Austin expected later this month, sentiment may be turning. A move back toward the $400 level is not out of the question for this meme stock.
Subscribe to get access
Read more of this content when you subscribe today.
