The Labor Department will release the November consumer price index at 7:30 a.m. CST, a hot topic after October prices were up 6.2% from a year ago. Traders will keep an eye on the latest weather forecasts and pause at 8 a.m. CST for a possible export sale announcement. The University of Michigan's consumer sentiment index for early December follows at 9 a.m. The U.S. Treasury reports on the federal budget for November at 1 p.m. CST. .
Weather
A storm system working out of the Rockies and into the Plains is developing heavy snow across Wyoming to southern Minnesota already. That band will expand throughout the day and extend farther into Wisconsin as the low pressure center moves into the Midwest tonight. Scattered showers and thunderstorms will develop later in the day from the far eastern Plains through the Delta and Midwest, where severe thunderstorms will be possible. Strong winds are already having an impact in the southwestern Plains but should increase across much of the middle of the country today as well.