An index of U.S. consumer confidence in July is set for 9 a.m. CDT Tuesday. The Federal Reserve begins a two-day meeting Tuesday that is expected to result in a quarter-percent increase on Wednesday afternoon. USDA's monthly cold storage report will be out at 2 p.m. CDT. Traders remain fixated on the latest weather developments and events from Ukraine.
Weather
A dome of high temperatures continues to expand and intensify across the U.S. on Tuesday. On the northern edge of the heat, a system going through Canada will make for some showers across the Northern Plains and into the Upper Midwest, some of which may be severe and lessen the impact of the increasing heat.