U.S. markets focus on Costco earnings, Meta event and Trump-Xi summit this week
With the week light on macroeconomic data, investors are watching a cluster of corporate and geopolitical events that could still drive trading across retail, technology and industrial stocks. Key attention is falling on Costco's quarterly results, Meta Platforms' annual developer conference and a planned meeting in Washington between President Donald Trump and Chinese President Xi Jinping.
Highlights
- Costco reports earnings Thursday, with analysts expecting $6.53 a share on $94.8 billion sales and potential special dividend signals.
- Meta Connect event begins Wednesday, with Mark Zuckerberg highlighting AI updates, Muse Spark models, new developer tools and engagement features.
- Markets focus on Costco, Meta, and this week's Trump-Xi summit as key catalysts amid light economic data releases.
Key catalysts on the calendar
As reported by CNBC, the week ahead centers on three main catalysts rather than a heavy flow of economic releases, with investors tracking Costco, Meta Platforms and high-level U.S.-China diplomacy.Costco is due to report after the bell on Thursday, and investors are expected to focus on profit trends, membership growth and retention. The retailer's model is seen as relatively well positioned in a higher-inflation backdrop, as consumers continue seeking lower per-unit prices and value-oriented bulk purchases.
Analysts are also watching for any signal on a special dividend. Bank of America says Costco's last special dividend was paid in January 2024 and notes the company has historically issued such payouts every two to three years, with Wall Street expecting earnings of $6.53 a share on sales of $94.8 billion.
Meta Connect opens Wednesday, with Chief Executive Mark Zuckerberg scheduled to deliver a keynote at 7 p.m. ET. Artificial Intelligence is expected to dominate the conference, including updates on the company's Muse Spark models, its Muse agentic AI application, developer tools and engagement features across its family of apps.
Investors are also looking for progress updates on Meta's Ray-Ban smart glasses and a possible preview of a new mixed-reality headset. Those product and platform announcements are being watched for signs of how quickly Meta can turn its AI investments into nearer-term commercial returns.
Our earlier coverage of the U.S.-China economic talks in New York explained how senior officials were working to set the agenda ahead of the Trump-Xi summit in Washington. We noted that the discussions were expected to span tariff-truce deadlines, rare-earth and critical-mineral supply flows, and the growing role of artificial intelligence guardrails as both sides navigate trade and technology tensions.
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