The U.S. Labor Department will release the consumer price index for March at 7:30 a.m. CDT Tuesday. Traders will examine the weather forecasts and watch for the latest news regarding Ukraine. A Treasury report on the federal budget is set for 1 p.m.
Weather
Though scattered showers and thunderstorms linger in the Tennessee Valley on Tuesday, the focus is farther west. A large storm system is moving into the Plains. Heavy snow is beginning to form in Montana and North Dakota. Strong winds picking up throughout the day will create blizzard conditions for these areas. Strong to severe storms are expected to develop later this afternoon and evening across the eastern Plains, moving toward the Mississippi River overnight. Stronger winds in the rest of the Plains could cause an increased risk for wildfires as well.