Weekend:
• Schedule for Week of Apr 29, 2018
Monday:
• At 8:30 AM ET, Personal Income and Outlays for March. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%.
• At 9:45 AM, Chicago Purchasing Managers Index for April. The consensus is for a reading of 57.8, up from 57.4 in March.
• At 10:00 AM, Pending Home Sales Index for March. The consensus is for a 1.0% increase in the index.
• At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for April. This is the last of the regional Fed surveys for April.
From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 7, and DOW futures are up 50 (fair value).
Oil prices were mixed over the last week with WTI futures at $67.93 per barrel and Brent at $74.22 per barrel. A year ago, WTI was at $49, and Brent was at $50 – so oil prices are up about 40% year-over-year.
Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $2.81 per gallon. A year ago prices were at $2.39 per gallon – so gasoline prices are up 42 cents per gallon year-over-year.