University of Michigan's index of consumer sentiment is due out at 9 a.m. Federal Reserve Chairman Jerome Powell is expected to speak in Jackson Hole, Wyo., Friday. Knowing energy prices have climbed higher, he will likely mention another rate hike is on the way. Traders continue to pay attention to the latest weather forecasts and any news regarding Ukraine.
Weather
A pair of fronts across the Corn Belt will be drifting southward on Friday. The extreme heat has ended over northern areas, though it remains hot. The fronts will produce some isolated showers and thunderstorms for the next few days as they move into the South and Southeast. Temperatures will fall back down toward normal after the fronts pass through.