Monday, September 02, 2019

Tuesday: ISM Manufacturing, Construction Spending

by Calculated Risk on 9/02/2019 06:43:00 PM

Weekend:
Schedule for Week of September 1, 2019

Tuesday:
• At 10:00 AM, ISM Manufacturing Index for August. The consensus is for the ISM to be at 51.5, up from 51.2 in July.

• Also at 10:00 AM, Construction Spending for July. The consensus is for a 0.3% increase in construction spending

From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are down 20 and DOW futures are down 167 (fair value).

Oil prices were up over the last week with WTI futures at $54.82 per barrel and Brent at $58.66 barrel.  A year ago, WTI was at $70, and Brent was at $77 - so oil prices are down about 25% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.56 per gallon. A year ago prices were at $2.83 per gallon, so gasoline prices are down 27 cents year-over-year.