Tuesday: NY Fed Mfg

Tuesday:
• 8:30 AM ET, The New York Fed Empire State manufacturing survey for January. The consensus is for a reading of -7.1, up from -14.5.

From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are down 8 and DOW futures are down 57 (fair value).

Oil prices were down over the last week with WTI futures at $72.48 per barrel and Brent at $78.15 per barrel. A year ago, WTI was at $80, and Brent was at $83 – so WTI oil prices were down 10% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at $3.05 per gallon. A year ago, prices were at $3.28 per gallon, so gasoline prices are down $0.23 year-over-year.