Sunday, August 04, 2019

Sunday Night Futures

by Calculated Risk on 8/04/2019 06:55:00 PM

Weekend:
Schedule for Week of Aug 4, 2019

Monday:
• At 10:00 AM ET, the ISM non-Manufacturing Index for July.   The consensus is for a reading of 55.5, up from 55.1.

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 and DOW futures are down slightly (fair value).

Oil prices were down over the last week with WTI futures at $55.53 per barrel and Brent at $61.33 barrel.  A year ago, WTI was at $69, and Brent was at $73 - so oil prices are down about 15%to 20% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.70 per gallon. A year ago prices were at $2.86 per gallon, so gasoline prices are down about 6% year-over-year.