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Sunday, April 14, 2024

Monday: Retail Sales, NY Fed Mfg, Homebuilder Survey

by Calculated Risk on 4/14/2024 11:57:00 PM

Schedule for Week of April 14, 2024

• At 8:30 AM ET, Retail sales for March is scheduled to be released.  The consensus is for a 0.3% increase in retail sales. 

• Also at 8:30 AM, The New York Fed Empire State manufacturing survey for April. The consensus is for a reading of -9.0, up from -20.9.

• At 10:00 AM, The April NAHB homebuilder survey. The consensus is for a reading of 51, unchanged from 51.  Any number above 50 indicates that more builders view sales conditions as good than poor.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 14 and DOW futures are up 78 (fair value).

Oil prices were up over the last week with WTI futures at $85.66 per barrel and Brent at $90.45 per barrel. A year ago, WTI was at $83, and Brent was at $87 - so WTI oil prices are up slightly year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.61 per gallon. A year ago, prices were at $3.65 per gallon, so gasoline prices are down $0.04 year-over-year.