What to Expect in Markets This Week: May CPI Report, Updates from Tech Giants

What to Expect in Markets This Week: May CPI Report, Updates from Tech Giants Sarina Trangle Sun, June 7, 2026 at 12:00 PM GMT+2 4 min read Apple is expected to unveil new technology this week. Credit: Michael Nagle / Bloomberg via Getty Images Inflation could be the story of the week—if it's not a big IPO. Investors will get another look at how the conflict with Iran is hitting prices when the Consumer Price Index report for May arrives Wednesday.

The CPI jumped 3. 8% year-over-year in April , the largest annual rise in nearly three years, with gas prices up more than 28%. The war with Iran has largely sealed off the Strait of Hormuz, typically used to ship 20% of the world’s oil , fertilizer and other resources.

“Core” inflation, which excludes the volatile food and energy categories, rose 2. 8% year-over-year, suggesting that oil and gas inflation is spreading to other segments of the economy. The Producer Price Index, which tracks wholesale prices, rose 6% year-over-year in April .

And the Personal Consumption Expenditures price index, which tracks money spent by and on behalf of households, rose 3. 8% year-over-year in April. Inflation influences how the Fed sets interest rates, which impacts borrowing rates for everything from buying a home to paying off credit cards.

Cost-of-living increases are particularly burdensome for working-class households, since prices tend to accelerate fastest for low-cost versions of goods. ) Investors will also be on the lookout for developments in the tech sector. Adobe is slated to report results, and Apple to hype up new releases.

And then there's SpaceX. The Elon Musk-led company has filed paperwork indicating that its IPO could raise $75 billion and put its valuation at $1. 75 trillion.

The IPO could happen as soon as this week and, eventually, be followed by the listing of two other billion-dollar companies: Anthropic and OpenAI . Market Recap The Dow Industrials, Nasdaq Composite and S&P 500 retreated last week, dragged lower by a dramatic pullback in tech shares . The S&P saw a nine-week streak of gains come to an end.

Bitcoin, meanwhile, finished the week around $60,000 after falling under that level on Friday, tapping levels more than 50% below last year's record highs. Concerns that the Fed might shift toward raising rates this year, driven by a stronger-than-expected monthly jobs number, also weighed on stocks . A full market recap is available here .

This Week's Top Events Here's a look at notable events happening this week. TradingView publishes a more detailed calendar, but clicking the link will take you off the Investopedia site. Monday, June 8: Apple ( AAPL ) is scheduled to give the keynote at its annual Worldwide Developers Conference at 1 p.

m. ET. The company will likely unveil new technology, which is expected to include an AI-powered version of Siri .

Investors have been anxious for Apple to roll out compelling AI products since it floated the idea of an AI-fluent Siri in 2024. The keynote can be streamed online here . Tuesday, June 9: Cracker Barrel Old Country Store ( CBRL ) is set to release its third-quarter results after the stock market closes, followed by a conference call at 5 p.

m. ET. The Southern-style restaurant is still trying to shake off an August 2025 logo revamp that fell flat.

Tuesday: Casey’s General Stores ( CASY ) is slated to release its fourth-quarter results after the closing bell, followed by a conference call Wednesday at 8:30 a. m. ET.

Investors will watch for signs that consumers are spending less on gas or otherwise cutting back. Casey’s, which recently joined the S&P 500 , said last quarter that Americans were unlikely to change their habits unless gas cost $5 a gallon. Wednesday, June 10: The Bureau of Labor Statistics is scheduled to release the May Consumer Price Index reading at 8:30 a.

m. ET.  The CPI rose 3.

8% year-over-year in April, up from 3. 3% in March. Thursday: Adobe ( ADBE ) is slated to release its second-quarter results after the closing bell, followed by a conference call at 5 p.

m. ET. Adobe posted better-than-expected results last quarter, but shares still slid as the company said CEO Shantanu Narayen plans to leave.

Friday, June 12: The University of Michigan is set to update its Index of Consumer Sentiment at 10 a. m. ET.

The index fell in May to the lowest level recorded since the survey began in 1952. Americans appear to be worried the war will exacerbate cost-of-living issues and damage the economy. Story Continues More Investopedia Reads Some economists think the U.

S. economy could weather a permanent closure of the Strait of Hormuz, Diccon Hyatt reports. The AI buildout has revived shares of Dotcom-era darlings like Hewlett Packard, Colin Laidley reports.

(It's also made Michael Dell a very rich man . ) Job openings hit a two-year high last month, Hyatt writes.  And what effect could the SpaceX IPO have on your favorite index-tracking funds?

Crystal Kim had the story .