Job openings, Salesforce earnings, Chewy reports: 3 things to watch By Investing.com

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Job openings, Salesforce earnings, Chewy reports: 3 things to watch

Published May 30, 2023 16:08

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Job openings, Salesforce earnings, Chewy reports: 3 things to watch

CRM

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CHWY

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Investing.com -- Stocks were mixed on Tuesday amid continued uncertainty about the debt ceiling outcome despite a deal reached over the weekend.

House Speaker Kevin McCarthy reached the agreement with President Joe Biden, calling for limits on federal spending in 2024 and 2025, a raise in defense spending, reclaiming unused COVID funds already allocated, and taking back some of the funds approved to bolster the Internal Revenue Service. But some GOP lawmakers have vowed to vote against it, saying it doesn't do enough to curb spending.

The House is rushing to vote on the deal this week so it can move to the Senate ahead of the June 5 deadline.

Later this week, investors will get the May jobs report, which could provide more insight into the state of the economy. That report will be closely watched by the Federal Reserve, which is now expected to raise interest rates by another quarter of a percentage point when it meets next month. Just one week ago, futures traders put the probability of a rate hike lower than the probability of a pause.

Here are three things that could move markets tomorrow.

1. Job openings

Before Friday's job report for May comes the job openings report for the end of April, due out at 8:30 ET (12:30 GMT) tomorrow. Analysts expect the number to be 9.775 million, which would be up from the prior month.

2. Salesforce earnings

Salesforce Inc (NYSE:CRM), the maker of financial and human resources software, is expected to report earnings per share of $1.61 on revenue of $8.18 billion.

3. Chewy earnings

The pet supplies retailer Chewy Inc (NYSE:CHWY) is expected to report a loss per share of about 4 cents, on revenue of $2.7B.

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