Sunday, July 05, 2020

Sunday Night Futures

by Calculated Risk on 7/05/2020 07:25:00 PM

Weekend:
Schedule for Week of July 5, 2020

Monday:
• At 10:00 AM ET, 1the ISM non-Manufacturing Index for June.   The consensus is for a reading of 50.0, up from 45.4.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 13 and DOW futures are up 95 (fair value).

Oil prices were up over the last week with WTI futures at $40.48 per barrel and Brent at $43.06 barrel.  A year ago, WTI was at $57, and Brent was at $64 - so WTI oil prices are down about 30% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.17 per gallon. A year ago prices were at $2.73 per gallon, so gasoline prices are down $0.56 per gallon year-over-year.