Weather Alert

Snow Develops Tuesday Afternoon - Transitions to Sleet and Freezing Rain at Night

The next storm will spread snow into the region from the mid to late afternoon on Tuesday with a transition to sleet then freezing rain in many areas prior to midnight.  Snow accumulations prior to the switch will be variable and dependent on the exact timing of the changeover but in general  will range from 2"-4" in most spots.  Locally 3"-6" of snow will be possible in the Mohawk valley, Adirondacks, Lake George-Saratoga Region, Vermont and the Berkshires where snow is more likely to last longer.  0.10" to 0.15" of ice accretion will be possible into early Wednesday morning on top of the snow.

WEATHER ALERT


Weather Alert Radar


April 25, 2014 -- 8:30 a.m. - 04/25/14

U.S. stock index futures are suggesting a lower open on Wall Street. The Dow, S&P 500 and NASDAQ are at least 0.3% below fair value.

The major averages are under pressure as the crisis in Ukraine stokes fears of further geopolitical conflict. Russian troops started military exercises near Ukraines border after several pro-Russian rebels were killed yesterday.

Economic data will also garner attention. The preliminary reading for April on Markit services purchasing managers' index is due out at 9:45 a.m. ET and is expected to tick higher for a third month. The final version of April's University of Michigan consumer confidence reading will be released at 9:55 a.m. ET which is anticipated to rise to the best level since last July.

On the earnings front, most results were disappointing. Amazon.com is down 4.2% before the open after reporting earnings results that failed to exceed expectations. Broadcom is falling 4.3% in early action after posting a decline in profit and revenue from a year ago. In addition, Colgate-Palmolives quarterly profit dropped 16% due to a charge related to Venezuela's exchange rate.

On the upside, Microsoft topped analyst profit estimates and its shares are up 1% in pre-market trading. In other action, shares of Under Armour are gaining 2.2% following news that the company will replace Beam in the S&P 500.

Treasury prices are rising. The 10-year note is up 4/32 to yield 2.66% and the 30-year bond is gaining 7/32 to yield 3.44%.

This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.

 

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