The Institute of Supply Management's index of U.S. manufacturing is due out at 9 a.m. CST Tuesday, a widely watched indicator of economic activity. Traders will continue to examine the latest weather forecasts and watch for any news of export sales. OPEC meets Tuesday and is expected to stick to its plan of increasing production by 400,000 barrels per day. Statistics from the International Energy Agency show OPEC's actual production short of its targets.
Weather
A blast of cold, arctic air will spread into the Northern Plains on Tuesday and come with some snow and strong winds as well. The snow and cold will spread into the Central Plains and Upper Midwest Tuesday night and spread through most of the country throughout the week.