Calculated Risk: Monday: ISM Mfg, Construction Spending

by Calculated Risk on 3/31/2024 06:11:00 PM

• Schedule for Week of March 31, 2024

• At 10:00 AM ET, ISM Manufacturing Index for March. The consensus is for the ISM to be at 48.5, up from 47.8 in February.  

• Also at 10:00 AM, Construction Spending for February. The consensus is for 0.5% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 8 and DOW futures are up 67 (fair value).

Oil prices were up over the last week with WTI futures at $83.17 per barrel and Brent at $87.00 per barrel. A year ago, WTI was at $76, and Brent was at $79 – so WTI oil prices are up about 10% year-over-year.

Here is a graph from for nationwide gasoline prices. Nationally prices are at $3.51 per gallon. A year ago, prices were at $3.49 per gallon, so gasoline prices are up $0.02 year-over-year.

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