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Tuesday: ISM Manufacturing, Construction Spending

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Weekend:
• Schedule for Week of Jan 1, 2017

Tuesday:
• 10:00 AM ET, ISM Manufacturing Index for December. The consensus is for the ISM to be at 53.8, up from 53.2 in November. The ISM manufacturing index indicated expansion at 53.2% in November. The employment index was at 52.3%, and the new orders index was at 53.0%.

• Also at 10:00 AM, Construction Spending for November. The consensus is for a 0.6% increase in construction spending.

From CNBC: Pre-Market Data and Bloomberg futures: S&P futures are up 7, and DOW futures are up 75 (fair value).

Oil prices were up over the last week with WTI futures at .01 per barrel and Brent at .82 per barrel.  A year ago, WTI was at , and Brent was at – so oil prices are up about 50% year-over-year.

Here is a graph from Gasbuddy.com for nationwide gasoline prices. Nationally prices are at .35 per gallon – a year ago prices were at .00 per gallon – so gasoline prices are up about 35 cents per gallon year-over-year.
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