by Calculated Risk on 6/04/2023 07:15:00 PM

Weekend:
• Schedule for Week of June 4, 2023

Monday:
• 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 Gasbuddy.com 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.