at Calculated Risk on 12/02/2024 01:18:00 AM
Weekend:
• Schedule for Week of December 1, 2024
Monday:
• At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 47.5%, up from 46.5%.
• Also at 10:00 AM, Construction Spending for October. The consensus is for a 0.2% increase in spending.
• All day, Light vehicle sales for November.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 9 and DOW futures are down 45 (fair value).
Oil prices were down over the last week with WTI futures at $68.43 per barrel and Brent at $72.31 per barrel. A year ago, WTI was at $74, and Brent was at $79 – so WTI oil prices are down about 10% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.00 per gallon. A year ago, prices were at $3.25 per gallon, so gasoline prices are down $0.25 year-over-year.