Tech and retail earnings, jobs report in focus

PARAGRAPH 1 --- Key events driving this narrative include the upcoming June jobs report on June 3, which investors are eagerly awaiting to gauge the labor market's health and potential Fed rate hikes. Tech earnings, particularly from late-reporting companies like DocuSign (DOCU), are also in focus following a recent drag on the Nasdaq index by chip stocks. Additionally, the JOLTS report on May 31 showed a 9-sigma beat in job openings, soaring by 731K, while quits surprisingly plunged to a 6-year low.

PARAGRAPH 2 --- The tech sector, particularly chip stocks, and retailers are most affected. The mixed performance of U.S. stock futures ahead of the jobs report reflects investors' cautious optimism. The surprising JOLTS data could impact hiring and wage growth expectations, influencing interest rate projections.

PARAGRAPH 3 --- Next, investors should watch for the May jobs report on June 3, which will provide crucial insights into labor market trends. Earnings from tech companies like DocuSign (DOCU) on June 2 and consumer sentiment data on June 3 will also be closely watched, as they could offer insights into consumer spending and tech sector performance.