May turned out to be a disappointing month for stocks, with the Nasdaq composite index tumbling more than 6 percent and the Dow Jones industrial average losing around 2 percent of its value. This week, Wall Street crosses its fingers in hopes of a better June.
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Monday, June 5:
ISM SERVICE INDEX: The Institute for Supply Management will release the latest results of its nonmanufacturing index, which gauges the health of the nation's service economy.
Tuesday, June 6:
ENERGY OUTLOOK: The U.S. Energy Information Administration will update its earlier forecasts for oil and gasoline prices for the remainder of the year.
FED SPEAK: Thomas Hoenig, president of the Federal Reserve Bank of Kansas City, will be in Denver today delivering a speech on the state of the national economy.
EARNINGS TO WATCH: Korn Ferry
Wednesday, June 7:
ECONOMIC OUTLOOK: The Business Roundtable will unveil the latest results of its closely watched CEO Economic Outlook Survey. This survey asks chief executives about their feelings on a host of issues ranging from their own hiring plans to their thoughts on the economy.
FED SPEAK: Jack Guynn, president of the Federal Reserve Bank of Atlanta, will give a speech in Georgia on his outlook for the nation's economy.
EARNINGS TO WATCH: BMC Software and H&R Block
Thursday, June 8:
EARNINGS TO WATCH: National Semiconductor and Sharper Image
Friday, June 9:
TRADE BALANCE: With the dollar continuing to weaken against other major currencies, Wall Street will be curious to see if the nation's trade deficit improved in April.
FED SPEAK: Federal Reserve Board Chairman Ben Bernanke will be at the Massachusetts Institute of Technology, where he earned his Ph.D. in economics in 1979, to deliver the school's commencement address.
