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Sunday, April 30, 2023

Monday: ISM Mfg, Construction Spending

by Calculated Risk on 4/30/2023 06:33:00 PM

Schedule for Week of April 30, 2023

• At 10:00 AM ET, ISM Manufacturing Index for April. The consensus is for the ISM to be at 46.8, up from 46.3 in March.

• Also at 10:00 AM, Construction Spending for March. The consensus is for a 0.2% increase in construction spending.

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

Oil prices were down over the last week with WTI futures at $76.78 per barrel and Brent at $80.33 per barrel. A year ago, WTI was at $105, and Brent was at $108 - so WTI oil prices are down about 25% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.58 per gallon. A year ago, prices were at $4.17 per gallon, so gasoline prices are down $0.59 per gallon year-over-year.