📅 Market Calendar — May 11, 2026

Updated: May 18, 2026 • Times ET unless noted • Post-week verification using issuer IR, BLS, Census, NYSE, and AP/Reuters market coverage

Earnings Macro QBH Lens Global Policy & Geopolitics Corporate Actions Week in Focus Sources

May 11, 2026 – May 15, 2026

Earnings pulse

Software, automation, e-commerce, networking, China tech, and semiconductor equipment carried the week.

AI infrastructure test

Cisco and Applied Materials gave investors fresh reads on AI networking and chip-equipment demand.

Inflation shock

CPI, PPI, and import/export prices all reinforced the same story: energy and input costs stayed hot.

This was a regular Monday–Friday U.S. cash-equity week. The next NYSE full-market holiday after this week is Memorial Day, Monday, May 25, 2026. The week’s central tension was straightforward: strong AI-linked earnings kept bulls engaged, but inflation data and oil-driven yield pressure capped the rally by Friday.

U.S. Market Hours

Mon–Fri: Regular NYSE cash trading, 9:30 a.m.–4:00 p.m. ET.
Next closure: Memorial Day, Monday, May 25, 2026.

Major Earnings by Day

Times shown in Eastern. This version uses verified post-release data where available.

BMO AMC Reported / call

Mon May 11	Tue May 12	Wed May 13	Thu May 14	Fri May 15
MNDY monday.com Q1 8:30a call Reported Q1 revenue of $351.3M, up 24% year over year, and launched its AI Work Platform with Native Agents.	ONON On Holding Q1 BMO Reported before the open; watch premium brand demand, gross margin, tariffs, DTC, and APAC growth. ZBRA Zebra Technologies Q1 8:30a call Net sales rose 14.3% to $1.495B; non-GAAP diluted EPS was $4.75. SE Sea Limited Q1 BMO GAAP revenue rose 46.6% year over year to $7.1B; Shopee, Monee, and Garena all remained in focus.	BABA Alibaba March quarter / FY2026 7:30a call China commerce, AI/cloud growth, quick commerce investment, and capital spending were the key read-throughs. CSCO Cisco Q3 FY2026 4:30p call Revenue was $15.8B, up 12% year over year; data-center switching orders grew more than 40% year over year.	AMAT Applied Materials Q2 FY2026 4:30p call Record revenue of $7.91B, GAAP EPS of $3.51, and non-GAAP EPS of $2.86; management raised the semiconductor equipment growth narrative.	WEEK Risk-off finish Close Stocks pulled back from records as oil and yields rose; the S&P 500 still finished the week up slightly.

Highlighted names are selected for market relevance and verified from issuer IR pages or post-release filings. This is not a complete earnings calendar.

Macro Catalysts — Inflation Was the Main Event

3.8%

April CPI YoY

1.4%

April PPI MoM

+0.5%

April retail sales MoM

1.9%

April import prices MoM

The macro tape was heavy. CPI confirmed faster consumer inflation, PPI showed the sharpest final-demand monthly jump since 2022, retail sales still expanded, and import/export prices showed another energy- and trade-cost channel. The practical investor takeaway: this week made the “higher for longer” rates argument harder to dismiss.

Key Macro Diary

Times shown in Eastern. Actual results are included where the release had already occurred.

Data Labor / rates Market-sensitive

Mon May 11	Tue May 12	Wed May 13	Thu May 14	Fri May 15
US Setup day Session Markets entered the week near records with oil/geopolitical risk still elevated.	CPI Consumer Price Index — April 8:30a All-items CPI rose 3.8% year over year; core CPI rose 2.8% year over year; energy was up 17.9% over the year.	PPI Producer Price Index — April 8:30a Final-demand PPI rose 1.4% month over month and 6.0% year over year; energy and services were major contributors.	RSALES Advance Retail Sales — April 8:30a Retail and food services sales were $757.1B, up 0.5% from March and 4.9% from April 2025. MXP Import / Export Prices — April 8:30a Import prices rose 1.9% and export prices rose 3.3%, with fuel and nonfuel imports both contributing. CLAIMS Initial Jobless Claims 8:30a Claims rose moderately, but labor-market stress remained contained relative to the inflation shock.	RATES Bond-yield reaction Session Long yields rose as markets repriced sticky inflation risk; Friday became a rates/oil risk-control day.

BLS posted April CPI and PPI releases during the week; Census posted April retail sales; BLS also released April import/export price indexes.

QBH Lens — How We’re Framing the Week

Two-sided tape

AI fundamentals improved, but macro discount rates moved against long-duration growth.

Confirmation checks

Cisco and Applied Materials confirmed AI capex momentum; CPI/PPI challenged the rate-cut story.

Watch the transmission

Oil → fuel/freight → producer prices → margins → yields → equity multiples.

Best read-through: AI infrastructure demand is still real. Cisco’s networking orders and Applied Materials’ semiconductor equipment outlook both supported the investment cycle.
Macro warning: CPI/PPI/import prices made the inflation story broader than one data point. This was a week where strong earnings did not fully cancel out higher-rate pressure.
Execution note: When good earnings and hot inflation collide, market leadership often narrows. Watch whether gains concentrate in the highest-quality AI beneficiaries or rotate into defensives, energy, and pricing-power names.

🌍 Global Markets — Oil, Rates, and AI Stocks Set the Tone

The week’s global-market story was a collision between AI optimism and inflation pressure. Midweek, AI-related earnings helped lift the S&P 500 and Nasdaq to records. By Friday, rising oil prices and higher Treasury yields triggered a broader pullback, especially in technology stocks that had already run hard.

Rates & FX

Treasuries: Hot CPI/PPI data plus rising oil kept pressure on the long end of the curve.
Dollar: A stronger dollar tends to tighten conditions for multinationals and imported input chains, while a weaker dollar would amplify commodity-cost pressure.

Commodities & Industrials

Oil: Energy prices were the main inflation-transmission channel watched by equity and bond traders.
Semiconductor equipment: AMAT’s record quarter and stronger 2026 equipment outlook reinforced the AI infrastructure build-out, but higher rates pressured long-duration tech multiples by week-end.

Politics, Policy & Geopolitics — May 11–15, 2026

Energy security stayed market-relevant

The week’s policy/geopolitical channel was less about one domestic bill and more about the inflation path created by oil, freight, and trade costs. CPI, PPI, and import/export prices all pointed to the same concern: geopolitical energy pressure was feeding into official inflation data.

Inflation channel

Energy lifted consumer prices and producer input costs.
Freight and wholesale margins showed up in PPI.
Import/export prices confirmed the external-price channel.

Market channel

Long bond yields rose.
High-multiple AI winners became more sensitive to profit-taking.
Pricing-power and energy-linked names had a better macro setup.

Why it mattered

This week showed how quickly inflation can re-enter the market’s risk model. Strong earnings can lift indexes, but when the inflation data worsen at the same time, investors begin repricing margin risk, Fed policy risk, and valuation risk together.

Consumer: Retail sales grew, but price effects mattered.
Corporates: Input-cost pass-through became a major earnings-call theme.
Markets: The week ended with a classic oil/yield pressure trade.

Corporate Actions & Flows — Positioning Notes for This Week

Monday: Software growth stayed alive through monday.com, but broader software still needed to prove AI monetization and retention durability.
Tuesday: On, Zebra, and Sea offered reads on premium consumer demand, automation/logistics, e-commerce, fintech, and gaming.
Wednesday: Cisco and Alibaba put AI/cloud/networking directly in the center of the tape.
Thursday: Applied Materials extended the AI infrastructure story into semiconductor manufacturing equipment.
Friday: Inflation and oil/yield pressure overpowered the record-high momentum and triggered a risk-off close.

Week in Focus — Good Earnings, Hot Inflation, Narrower Leadership

The earnings message: AI infrastructure remained a powerful earnings driver, especially for Cisco and Applied Materials.
The macro message: CPI, PPI, and import/export prices all showed inflation pressure broad enough to challenge easy-rate assumptions.
The market message: The S&P 500 finished the week up only 0.1%, while the Nasdaq slipped 0.1% and Russell 2000 fell 2.4%.
The next setup: The following week turns toward retail earnings and NVIDIA’s May 20 report, making AI demand and consumer demand the next two major confirmation points.

Sources Used to Verify This Page

NYSE hours & holidays
Confirmed Memorial Day 2026 closure date.
BLS CPI release
Confirmed April CPI year-over-year and core readings.
BLS PPI release
Confirmed April final-demand PPI results.
Census retail sales
Confirmed April retail and food services sales.
BLS import/export prices
Confirmed April import and export price changes.
monday.com IR
Confirmed Q1 2026 release and revenue growth.
On IR
Confirmed May 12 report and margin/guidance details.
Zebra IR
Confirmed Q1 sales, EPS, EBITDA, and buybacks.
Sea Limited results
Confirmed Q1 revenue, gross profit, and net income.
Cisco IR
Confirmed Q3 FY2026 revenue, EPS, guidance, and AI/networking order commentary.
Alibaba IR
Confirmed May 13 March-quarter and FY2026 results event.
Applied Materials IR
Confirmed Q2 FY2026 revenue, margins, EPS, and AI equipment outlook.
AP market recap
Confirmed Friday index moves and weekly performance.

Sources

NYSE hours & holidays(nyse.com)
BLS CPI release(bls.gov)
BLS PPI release(bls.gov)
Census retail sales(census.gov)
BLS import/export prices(bls.gov)
monday.com IR(ir.monday.com)
On IR(investors.on-running.com)
Zebra IR(zebra.com)
Sea Limited results(cdn.sea.com)
Cisco IR(investor.cisco.com)
Alibaba IR(alibabagroup.com)
Applied Materials IR(ir.appliedmaterials.com)
AP market recap(apnews.com)

📅 Market Calendar — May 11–15, 2026