A cold front will approach the Brazos Valley later today. Isolated areas of rain and thunderstorms could develop along and ahead of that front between mid-afternoon and early evening. Good news: rain & storm activity will be quick moving (1 hour or less). Bad news: a few severe thunderstorms are possible with large hail and strong, damaging winds being the main concern. A brief, isolated tornado threat cannot be ruled out, as well.
U.S. stock futures are rising as investors cautiously welcome the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.
Casting a shadow over markets was a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.
Investors will be watching for reports on September manufacturing and August construction spending, both due at 10 a.m. Eastern.
European markets also rose broadly. In Asia, several markets were closed for holidays. In Tokyo, Japan's Nikkei 225 index fell after a survey showed confidence in the economy weakening.