U.S. nonfarm payrolls and the unemployment rate for January will be released at 7:30 a.m. CST Friday. U.S. factory orders for December and the University of Michigan's consumer sentiment index for January follow at 9 a.m. Traders will continue to keep watch over South American weather and events in the Middle East as the U.S. is expected to retaliate against pro-Iranian targets.
Weather
Warm temperatures continue to be in place across most of the country and clouds in western Pennsylvania mean an end to winter from our favorite rodent meteorologist. Still, a strong storm in the West will move into the Southern Plains later Friday, producing areas of showers and thunderstorms. The precipitation from this storm will spread through much of the country outside of the Midwest.