Wall Street week ahead: Investors’ focus on Fed preferred inflation gauge - core PCE index

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ALSO READ: Oil records longest losing streak in 5 months, Brent drops 2% at $82; here's whyOn May 30 (Thursday), first revised GDP (gross domestic product) data for the first quarter will be released.May 31 (Friday) will see the release of personal income data for April and core PCE (personal consumption expenditure) index data for April.Following companies are due to report quarterly earnings in the week ahead— Box, CAVA Group, Bank of Nova Scotia, Salesforce, DICK'S Sporting Goods, Agilent, Chewy, HP Inc., Pure Storage, Capri Holdings, Okta, C3.ai, Abercrombie & Fitch, Best Buy, Birkenstock, Royal Bank of Canada, Dollar General, Foot Locker, Costco, Gap, Marvell, Dell, NetApp, Nordstrom, Genesco, and Frontline.A high profile cryptocurrency event named CoinDesk Consensus will be held on Wednesday.The event, aimed at solving crypto industry challenges, will see hard-hitting conversations with visionary speakers and hands-on workshops.ALSO READ: Yellow metal sees correction; short and long-term outlook remains positiveUS stocks rose on Friday on reports of improving consumer outlook on inflation.The Dow Jones Industrial Average rose 4.33 points, or 0.01 per cent, to 39,069.59. The S&P 500 gained 36.88 points, or 0.70 per cent, at 5,304.72 and the Nasdaq Composite advanced 184.76 points, or 1.10 per cent, to 16,920.79.For the week, the Dow dropped 2.34 per cent, the S&P edged up 0.03 per cent and the Nasdaq gained 1.41 per cent.The US dollar rose to 157.00 yen from 156.91 Japanese yen.

The euro surged to $1.0850 from $1.0805.The yield on the 10-year Treasury slipped to 4.46 per cent from 4.48 per cent. The 2-year yield was holding steady at 4.94 per cent.Brent crude for July delivery rose 76 cents to $82.12 per barrel on