SPY Stock Catalyst Calendar

Durable goods orders measures the change in the total value of new orders for long-lasting manufactured goods and transportation items. Higher than expected durable goods orders is bullish, while lower than expected durable goods orders is bearish. New orders for US-manufactured durable goods dropped by 4.5% mom to $332 billion in May 2026, after an upwardly revised 8.5% jump in April and matching market forecasts. This followed two consecutive months of gains and marked the steepest decline since June 2025, driven by a 14% drop in transport equipment orders, on account of nondefense aircraft and parts (-51.8%). Orders also fell sharply for capital goods (-13.6%). Meanwhile, demand rebounded slightly for computers and electronic products (0.3% vs -0.4%) and electrical equipment, appliances, and components (0.3% vs -0.2%). Excluding transportation, orders rose by 1.3%, following a revised 1.4% advance in April and surpassing estimates of a 0.6% increase; while excluding defense, they slipped by 4.6%, after April's revised 8.4% surge. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 1.6%, after a downwardly revised 0.7% decrease in April. source: U.S. Census Bureau

The amount of wholesale inventories for June will be released. Previous: 0.1% Forecast: Wholesale inventories is a measure of the change in the total value of goods held in inventory by wholesalers. Lower than expected inventories is bullish, while higher than expected inventories is bearish. US wholesale inventories rose 0.1% month-over-month to $941.8 billion in May 2026, following a 0.7% increase in April and below a 0.3% gain in the advance estimate. The latest reading marked the third consecutive month of slower inventory growth after a 1.5% increase in March, the strongest since mid-2022. Compared with a year earlier, wholesale inventories were 4.0% higher, accelerating from an upwardly revised 1.2% increase in May 2025. Meanwhile, the inventories-to-sales ratio for merchant wholesalers, excluding manufacturers’ sales branches and offices, stood at 1.15 on a seasonally adjusted basis, down from 1.31 in May 2025. source: U.S. Census Bureau

The GDP growth rate measures the annualized change in the inflation-adjusted value of all goods and services produced by the economy. It is a key indicator of the economy's overall health. Higher than expected GDP growth is bullish, while lower than expected GDP growth is bearish. The US economy expanded an annualized 2.1% in Q1 2026, revised up from 1.6% in the second estimate, and above 0.5% in Q4 2025. The contribution from net trade was less negative than initially estimated (-0.37 pp vs -1.25 pp), as imports growth was revised lower (11.8% vs 21.1%) and exports rose 10.9% (vs 13.1%). In addition, gross private domestic investment increased 7.9%, higher than 7% in the previous estimate. Business investment in equipment surged 15.8% (vs 17.2%), and spending on intellectual property products went up 13.8% (vs 11.6%). In contrast, investment in structures fell 4.7% (vs -5.4%), and residential declined 7.8% (vs -6.2%). Meanwhile, consumer spending rose 0.5%, well below 1.4% previously reported, led by a big slowdown in services demand (0.5% vs 1.8%) while goods remained subdued (0.5% vs 0.4%). Government spending was up 4.4%, in line with the previous estimate, recovering from a 5.6% contraction, as activity resumed following the end of the government shutdown. source: U.S. Bureau of Economic Analysis

The change in personal income for June will be released. Previous: 0.7% Forecast: Personal income measures the change in the total value of income received from all sources by consumers. Higher than expected personal income is bullish, while lower than expected personal income is bearish. US personal income increased by 0.7% month-over-month in May 2026, surpassing market expectations of a 0.4% rise and accelerating from a flat reading in April. It marked the strongest monthly gain since July 2025, driven largely by a surge in farm proprietors' income, which rose by $59.6 billion following payments under the American Relief Act of 2025. During the month, the USDA issued a second round of Supplemental Disaster Relief Program payments to producers. Proprietors' income with inventory valuation and capital consumption adjustments rose by $84.6 billion, while employee compensation increased by $66.8 billion, including a $57.1 billion gain in wages and salaries. Private-sector wages climbed by $48.7 billion, while government wages increased by $8.4 billion. Meanwhile, disposable personal income rose 0.7%, or $164.9 billion, rebounding from a 0.1% decline in April. Real disposable personal income also increased by 0.3%, following a 0.5% drop in the previous month. source: U.S. Bureau of Economic Analysis

The change in personal spending for June will be released. Previous: 0.7% Forecast: Personal spending measures the change in the inflation-adjusted value of all spending by consumers. Higher than expected personal spending is bullish, while lower than expected personal spending is bearish. US personal spending rose by 0.7% month-on-month in May 2026, or $156.1 billion, accelerating from a downwardly revised 0.4% increase in April and beating market expectations of a 0.6% gain. Spending on goods rose by $61.8 billion, primarily driven by a $21 billion surge in gasoline and other energy goods amid soaring energy prices tied to the Middle East conflict. Additional gains were seen in recreational goods and vehicles ($7 billion), motor vehicles and parts ($5.3 billion), food and beverages ($4.6 billion), and other nondurable goods ($13.7 billion). Spending on services climbed by $94.3 billion, led by financial services and insurance ($28.4 billion), housing and utilities ($22.3 billion), and health care ($22.3 billion). Meanwhile, inflation-adjusted consumer spending increased 0.3% in May, after a flat reading in April. source: U.S. Bureau of Economic Analysis