by Calculated Risk on 3/02/2025 06:22:00 PM
Weekend:
• Schedule for Week of March 2, 2025
Monday:
• At 10:00 AM ET, ISM Manufacturing Index for February. The consensus is for the ISM to be at 50.8, down from 50.9 in January.
• At 10:00 AM, Construction Spending for January. The consensus is for a 0.2% increase in construction spending.
• All day, Light vehicle sales for February. Sales were at 15.6 million in January (Seasonally Adjusted Annual Rate). The consensus is for an increase in sales to 15.9 million SAAR.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 17 and DOW futures are up 55 (fair value).
Oil prices were down over the last week with WTI futures at $70.10 per barrel and Brent at $73.16 per barrel. A year ago, WTI was at $81, and Brent was at $85 – so WTI oil prices are down about 15% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.04 per gallon. A year ago, prices were at $3.33 per gallon, so gasoline prices are down $0.29 year-over-year.
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