FedEx, Micron earnings and May PCE data shape market outlook

Investors are bracing for a volatile week as FedEx will report its fiscal 2025 fourth‑quarter results on June 24, the first filing after the company spun off its freight business and moved to a calendar fiscal year. Analysts will focus on profitability margins and guidance from CEO Raj Subramaniam.

Micron Technology is set to release its quarterly earnings on June 25. As a bellwether for the artificial‑intelligence memory market, the report will signal demand for high‑bandwidth memory chips used by major cloud providers. The Bureau of Economic Analysis will publish the May Personal Consumption Expenditures (PCE) price index, the Federal Reserve’s preferred inflation gauge, later in the week. The data will inform expectations on future rate moves after a recent hawkish tone from the Fed. Together, the three releases are the primary catalysts for U.S. equity markets, with AI capital spending and oil price volatility also influencing sentiment.