The major indexes stretched their winning streak to six weeks, the longest since October 2024. The Nasdaq Composite and S&P 500 both finished last week at record highs, up 4.5% and 2.3%, respectively.

A strong earnings season, especially from companies involved in the buildout of artificial-intelligence data centers, has overshadowed concerns about elevated oil prices and the uncertain path to ending the Iran war.

Nearly 90% of S&P 500 companies have reported first-quarter results, with more than 85% beating earnings-per-share estimates and 80% surpassing sales expectations.

This week nine S&P 500 companies report results, including Constellation Energy on Monday, Cisco Systems on Wednesday, and Applied Materials on Thursday.

The highlight of the economic calendar is the consumer price index, released by the Bureau of Labor Statistics on Tuesday. The BLS will also release the producer price index on Wednesday, and the Census Bureau releases retail sales data on Thursday.

Also on Thursday, President Donald Trump is scheduled to travel to China to meet with President Xi Jinping. The leaders of the world's two largest economies are expected to discuss trade deals and the war.

Monday 5/11

Archer Aviation, ASTS SpaceMobile, Barrick Mining, Circle Internet Group, Constellation, Fox, Hims & Hers Health, Monday.com, Mosaic, Quantum Computing, Rigetti Computing, Simon Property Group, and Steris release earnings.

The National Association of Realtors reports existing-home sales for April. Consensus estimate is for a seasonally adjusted annual rate of 4.05 million homes sold, about 2% more than in March. The median price of an existing home sold was $408,800 in March.

Tuesday 5/12

D-Wave Quantum, Franco-Nevada, JBS, Oklo, On Holding, Qnity Electronics, Venture Global, and Zebra Technologies, report quarterly results.

The National Federation of Independent Business releases its Small Business Optimism Index for April. The consensus call is for a 96 reading, little changed from March, and slightly less than the 52-year average of 98.

The BLS releases the CPI for April. Economists forecast a 3.7% year-over-year increase, four-tenths of a percentage point more than in March. The core CPI, which excludes volatile food and energy prices, is expected to rise 2.7%, compared with 2.6% previously. If estimates prove correct, the headline CPI would be the highest annual rate of change since September 2023.

Wednesday 5/13

Alibaba Group, Cisco, and Nebius Group announce earnings.

The BLS releases the producer price index for April. Consensus estimate is for a 4.8% jump from a year earlier, compared with a 4% rise in March. The core PPI, is seen increasing 4.3%, half a percentage point more than previously.

Thursday 5/14

Applied Materials, Brookfield, Figma, Klarna, QXO, Versant Media, and Viking Holdings report quarterly results.

President Donald Trump will pay a state visit to China from May 13 to 15.

The Census Bureau reports retail and food services sales for April. Economists forecast a 0.6% month-over-month rise, after a 1.7% jump in March. Excluding autos and gas, retail sales are seen increasing 0.4%, two-tenths of a percentage point less than previously.

Friday 5/15

RBC Bearings releases fourth-quarter fiscal-2026 results.