Sunday, February 28, 2021

Monday: ISM Manufacturing, Construction Spending

by Calculated Risk on 2/28/2021 09:30:00 PM

Weekend:
Schedule for Week of February 28, 2021

Monday:
• At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 58.9, up from 58.7 in January. 

• Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.7% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are up 28 and DOW futures are up 208 (fair value).

Oil prices were up over the last week with WTI futures at $62.22 per barrel and Brent at $65.11 barrel. A year ago, WTI was at $45, and Brent was at $51 - so WTI oil prices are UP about 45% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.73 per gallon. A year ago prices were at $2.43 per gallon, so gasoline prices are up $0.30 per gallon year-over-year.