Wall Street markets in the coming week are led by many earnings reports, including Home Depot, Palo Alto Networks, Medtronic, Snowflake, Intuit and WorkDay. On the economic data front, investors will see new and existing home sales, S&P Flash US Services and the manufacture of PMIs for May. The chairman of the US Federal Reserve Jerome Powell’s initial address on May 25 will also be in focus. Market participants will also carefully monitor US Iran nuclear talks. US special envoy Steve Witkoff said on Sunday that any agreement between the United States and Iran should include an agreement not to enrich uranium. “We have one very, very clear red line, and it’s enrichment. We can’t even allow 1% of an enrichment capacity,” Witkoff said during an interview broadcast on ABC’s “This Week” program. In response, Iran’s semi-official Tasnim news agency Abbas Araqchi, Minister of Foreign Affairs, cited: “Unrealistic expectations stop negotiating, Iran enrichment is not something that can be stopped.” Economic calendar on May 19 (Monday) will be released a report on the US leading economic indicators for April. On May 22 (Thursday), separate reports on initial unemployed claims for the week ended May 17, S&P Flash US Services PMI and PMI manufacturing for May, and the existing home sales for April will be released. On May 23 (Friday), data on new home sales for April will be declared. On May 25 (Sunday), the chairman of the US Federal Reserve Jerome Powell’s initial address is scheduled. Earnings to businesses will report the first quarter earnings in the coming week – Home Depot, Palo Alto Networks, Keysight Technologies, Lowe’s, Medtronic, Snowflake, Intuit, WorkDay, Autodesk, Booz Allen Hamilton and Inventiva. Markets last week suffered US equity indices on Friday, obtained earlier this week by US tariff resistance from US China. The Dow Jones industrial average increased by 331.99 points, or 0.78%, to 42,654,74, the S&P 500 scored 41.45 points, or 0.70%, to 5,958,38 and the NASDAQ compost scored 98.78 points, or 0.52%, until 19.211,10. For the week, the S&P 500 added about 5.3%, while the Nasdaq rose 7.2% and the Dow rose 3.4%. In the bond market, the return on the 10-year treasury dropped to 4.44%. The yield of 2 years of treasury has risen to 3.99%. Oil prices have risen on the possibility that a breakthrough in core talks in Iran, fueled by US President Donald Trump, said that progress had been made on an agreement. Brent North Sea rough rose 1.4% at $ 65.41 a barrel. West -texas Intermediate increased by 1.4% at $ 62.49 a barrel.
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