Tuesday: Durable Goods, Case-Shiller House Prices, Richmond and Dallas Fed Mfg Surveys

Tuesday:
• At 8:30 AM ET, Durable Goods Orders for April from the Census Bureau. The consensus is for a 0.8% decrease in durable goods orders.

• At 9:00 AM, the FHFA House Price Index for March. This was original a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.5% increase.

• Also at 9:00 AM, the S&P/Case-Shiller House Price Index for March. Although this is the March report, it is really a 3 month average of January, February and March. The consensus is for a 11.9% year-over-year increase in the Composite 20 index (NSA) for March. The Zillow forecast is for the Composite 20 to increase 11.9% year-over-year, and for prices to increase 0.8% month-to-month seasonally adjusted.

• At 10:00 AM, Conference Board's consumer confidence index for May. The consensus is for the index to increase to 83.0 from 82.3.

• Also at 10:00 AM, Richmond Fed Survey of Manufacturing Activity for May. The consensus is for a reading of 9, up from 7 in April.

• Also at 10:00 AM, Dallas Fed Manufacturing Survey for May. This is the last of the regional Fed manufacturing surveys for May.

Weekend:
• Schedule for Week of May 25th

From CNBC: Pre-Market Data and Bloomberg futures: the S&P futures are up 4 and DOW futures are up 40 (fair value).

Oil prices were up over the last week with WTI futures at $104.27 per barrel and Brent at $110.32 per barrel.

Below is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are around $3.63 per gallon (might have peaked, and slightly below the level of a year ago).  If you click on "show crude oil prices", the graph displays oil prices for WTI, not Brent; gasoline prices in most of the U.S. are impacted more by Brent prices.

Orange County Historical Gas Price Charts Provided by GasBuddy.com