Another busy week for Wall Street as debt ceiling vote nears

It will be another busy week for investors with lawmakers voting on the debt ceiling after a deal was reached over the weekend.

Last week, stocks ended with a rally going into Memorial Day weekend, with financial markets closed on Monday for the holiday honoring all those who have served in the U.S. military.

The Nasdaq Composite has risen to its highest level since August of last week.

The markets will open for the week on Tuesday after being closed for Memorial Day. In earnings, HP and Hewlett-Packard Enterprise will report after the close bell, the company said in a statement.

Theranos founder Elizabeth Holmes, who was sacked in July, is expected to report to prison.

Wednesday's earnings from Advance Auto Parts will welcome in the morning, while Chewy, Nordstrom, Okta, and Salesforce will report after markets close.

Walmart will host its annual meeting on Wednesday, as crime and inflation remain headwinds for many retailers.

prior to the weekend debt deal, U.S. Treasury Secretary Janet Yellen forecast the country could run out of money on Thursday, a vote is now critical ahead of the deadline.

Earnings on Thursday will begin, with Dollar General, Hormel Foods, Lands End, Macy s reporting before markets open.

Later in the day, it is expected that Broadcom, ChargePoint Holdings, Dell Technologies, Lululemon, and VMware will all report earnings after the bell.

Economic data on Thursday will include productivity, construction spending, ISM manufacturing PMI, EIA weekly crude stocks, and initial jobless claims.

The University of San Francisco will also host a remote hearing on Advances in AI: Views from Silicon Valley.

Lastly, both Honeywell and Oatly will get new CEOs on Thursday.

The monthly job report for May will close out a busy week. Employers slowed hiring, down from the 253,000 added in the prior month.

The unemployment rate is expected to go up to 3.5% vs. 3.4%.

Dave Calhoun, Boeing's CEO, will speak at the Bernstein Strategic Decisions Conference, while Ajay Banga, who was previously Chief Executive Officer of Mastercard, will take over as President of the World Bank for a five-year term.