Traders remain attentive to South American weather forecasts and events in the Middle East. U.S. retail sales for December are due out at 7:30 a.m. CST, followed by the Federal Reserve's report on U.S. industrial production at 8:15 a.m. The Fed's Beige Book will be released at 1 p.m. Due to Monday's holiday, the Energy Department's weekly inventory report will be out Thursday.
Weather
While the polar vortex remains in control over much of North America, there is some moderation from the drastically cold temperatures of the last few days across the north. Southern areas dove deeper into the cold with below-freezing temperatures through the Gulf of Mexico. A system in the Pacific Northwest continues to drop significant snow there that will bleed into the northwestern Plains as well, especially for Thursday.