"Market Watch: Jobs Report and AI Hype in Focus After Debt Ceiling Deal"

This week's focus will be on the May jobs report due out on Friday, as investors see debt ceiling worries fade during a holiday-shortened week. Data on the housing market and consumer confidence will also feature alongside a sprinkling of corporate earnings reports. Outside of Friday's jobs report, more hype for the current AI boom is expected to push tech stocks higher. The Federal Reserve's next rate announcement on June 14 will also be in focus as economic data continues to come in stronger than expected.