06:32 AM EDT, 06/02/2025 (MT Newswires) -- US equity investors will watch out for any escalation of trade tensions between the Trump administration and China, and monitor a speech from Federal Reserve Chair Jerome Powell and a string of labor market data.

* "China, perhaps not surprisingly to some, has totally violated its agreement with us," Trump said Friday in a social media post referring to the Geneva agreement.

* "If the US insists on its own way and continues to damage China's interests, China will continue to take resolute and forceful measures to safeguard its legitimate rights and interests," a Yahoo Finance news report cited the Chinese Ministry of Commerce on Monday. China also criticized the US for "discriminatory restrictions" in its use of export controls for the semiconductor industry.

* Uncertainty has risen once again, a Scotiabank note said late Friday, referring to the wranglings in the courts that lie ahead after the Trump administration got a temporary stay on the US Court of International Trade's ruling last week that blocked a bulk of trade tariffs.

* Powell will deliver opening remarks at a conference in Washington on Monday. Investors will watch for any change or bias in Powell's views as Fed minutes in May reinforced a patient stance, with uncertainty tied to tariffs and inflation risks.

* Powell's speech comes ahead of non-farm payrolls, JOLTS job openings, ADP private payrolls, Challenger mass layoffs, and ISM manufacturing and services.

* Earnings due this week include CrowdStrike ( CRWD ) , Hewlett Packard Enterprise ( HPE ) , Dollar General ( DG ) , Dollar Tree ( DLTR ) , Broadcom ( AVGO ) , Lululemon (LULU).

* Just under 98% of companies have reported Q1 results, and S&P 500 earnings are up almost 13% year-over-year, versus the FactSet consensus as of March 31 for a 6.5% gain, a D A Davidson note said late Friday. Communication services, consumer discretionary, and industrials led this outperformance.