by Calculated Risk on 7/14/2024 07:19:00 PM

Weekend:
• Schedule for Week of July 14, 2024

Monday:
• At 8:30 AM ET, The New York Fed Empire State manufacturing survey for July. The consensus is for a reading of -6.0, unchanged from -6.0.

• At 12:30 PM, Discussion, Fed Chair Jerome Powell, Conversation with David M. Rubenstein, Chairman of the Economic Club of Washington, D.C.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 1 and DOW futures are up 43 (fair value).

Oil prices were higher over the last week with WTI futures at $82.21 per barrel and Brent at $85.03 per barrel. A year ago, WTI was at $75, and Brent was at $80 - so WTI oil prices are up about 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.50 per gallon. A year ago, prices were at $3.54 per gallon, so gasoline prices are down $0.04 year-over-year.