Here comes consumer confidence...

At 10:00 a.m. ET, we'll get the University of Michigan's final reading of consumer sentiment in January.

Economists estimate this index of sentiment jumped to 98.2 in January from 93.6 a month ago.

"Sentiment surged to a new post-recession high in the preliminary reading this month," Barclays economists said. "Average equity market volatility has remained higher month-to-date, which we expect to soften sentiment in the final January reading."