US Stock Market Weekly Macro Preview (June 22-26, 2026)

Monday, June 22

1. S&P 500 Index Additions: Marvell Technology (MRVL) and Flex (FLEX).

Tuesday, June 23

1. US Economic Data: S&P Global Flash Manufacturing and Services PMI (focus on economic activity resilience).
2. Earnings: FedEx (FDX.US), Carnival (CCL.US), KB Home (KBH.US), etc. (logistics and consumer sectors).

Wednesday, June 24

1. US Economic Data: May New Home Sales, Leading Indicators, etc.
2. Earnings: Micron Technology (MU.US) after market close (memory chip leader, key test for AI server HBM demand); Trip.com Group (TCOM.US), etc. ★★★★
3. Key Events: NVIDIA (NVDA) Shareholder Meeting (9:00 AM PT, focus on Blackwell and Vera architecture capacity ramp-up and AI infrastructure outlook).

Thursday, June 25

1. US Economic Data: May PCE Price Index (Fed’s preferred inflation gauge, core PCE expected +0.3% MoM); Q1 GDP Final (expected to hold at 1.6% annualized); Durable Goods Orders, Initial Jobless Claims, etc. (heavy data day). ★★★★
2. Earnings: BlackBerry (BB) before market open.

Friday, June 26

1. US Economic Data: University of Michigan Consumer Sentiment Final; Fed Officials’ Speeches (Williams, Kashkari, etc.).

This Week’s Key Themes: “AI Validation + Inflation Data Week”. Micron’s earnings will test AI memory/HBM demand strength and Blackwell supply status. NVIDIA’s shareholder meeting will provide capacity and roadmap guidance. PCE inflation data will directly shape post-Warsh FOMC policy expectations (hotter-than-expected readings could reinforce hawkish signals and delay rate cut bets). Combined with SpaceX (SPCX.US) post-IPO performance, AI, tech infrastructure, and macro sentiment will dominate market moves.