U.S. housing starts for July are set to be released at 7:30 a.m. CDT Tuesday, followed by the Federal Reserve's July report on U.S. industrial production at 9:15 a.m. Traders will continue to examine the latest weather forecasts and news out of Ukraine and China.
Weather
A front continues its trek southward, bringing much more seasonable temperatures to the country. This is resulting in moderate to locally heavy precipitation in and around Missouri throughout the day. Other isolated showers will be possible west to Colorado, in the Upper Midwest, and across the East, but the rains in the middle of the country are coming to drought areas in desperate need. Heat will unfortunately continue south of the front and across the West.