by Calculated Risk on 12/22/2024 06:21:00 PM

Weekend:
• Schedule for Week of December 22, 2024

• Ten Economic Questions for 2025

Monday:
• At 8:30 AM ET,Chicago Fed National Activity Index for November. This is a composite index of other data.

• Also at 8:30 AM, Durable Goods Orders for November.  The consensus is for a 0.4% decrease.

• At 10:00 AM, New Home Sales for November from the Census Bureau. The consensus is for 650 thousand SAAR, up from 610 thousand in October.  Sales in October were impacted by the hurricanes, with the South region down 27.7% year-over-year.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are up 23 and DOW futures are up 147 (fair value).

Oil prices were up over the last week with WTI futures at $69.46 per barrel and Brent at $72.94 per barrel. A year ago, WTI was at $73, and Brent was at $80 - so WTI oil prices are down about 5% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.03 per gallon. A year ago, prices were at $3.10 per gallon, so gasoline prices are down $0.07 year-over-year.