U.S. personal incomes and spending for June are due out at 7:30 a.m. CDT Friday, along with the employment cost index for the second quarter. At 9 a.m., the University of Michigan's final index of U.S. consumer sentiment for July will be released. Traders will keep close watch on the latest weather forecasts and any news regarding Ukraine.
Weather
A front is settling across southern areas of the country on Friday, bringing scattered showers from Colorado east to the Carolinas. Flooding may occur in some areas, but drought in the Southern Plains and Delta will find some relief. Temperatures dip a little bit less extreme south of the front for most areas, but heat continues to be very high in the West, especially in the Pacific Northwest.