Sunday, June 04, 2023

Sunday Night Futures

Schedule for Week of June 4, 2023

• At 10:00 AM ET, the ISM Services Index for May.   The consensus is for a reading of 52.5, up from 51.9.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 3 and DOW futures are up 70 (fair value).

Oil prices were down over the last week with WTI futures at $71.74 per barrel and Brent at $76.13 per barrel. A year ago, WTI was at $119, and Brent was at $126 - so WTI oil prices are down about 40% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.52 per gallon. A year ago, prices were at $4.82 per gallon, so gasoline prices are down $1.30 per gallon year-over-year.

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