by Calculated Risk on 6/01/2025 06:13:00 PM
Weekend:
• Schedule for Week of June 1, 2025
Monday:
• At 10:00 AM ET, ISM Manufacturing Index for May. The consensus is for the ISM to be at 49.2, up from 48.7 in April.
• Also at 10:00 AM, Construction Spending for April. The consensus is for a 0.4% increase in construction spending.
• At 1:00 PM, Speech, Fed Chair Jerome Powell, Opening Remarks, At the Federal Reserve Board’s International Finance Division 75th Anniversary Conference, Washington, D.C.
From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 20 and DOW futures are down 134 (fair value).
Oil prices were down over the last week with WTI futures at $60.79 per barrel and Brent at $62.78 per barrel. A year ago, WTI was at $78, and Brent was at $79 – so WTI oil prices are down about 22% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.10 per gallon. A year ago, prices were at $3.52 per gallon, so gasoline prices are down $0.42 year-over-year.