Weather Alert

Severe T'Storms Possible Wednesday Afternoon and Evening

A line of downpours and heavy thunderstorms will likely develop across the region Wednesday afternoon and evening producing some much needed and beneficial rainfall.  A few of the thunderstorms, however, could become severe producing localized damaging wind gusts and large hail as well as frequent lightning with the severe weather potential threat period running roughly from 2pm - 9pm. Be Weather Aware on Wednesday

WEATHER ALERT

April 9, 2014 -- 8:30 a.m. - 04/09/14

U.S. stock index futures are signaling a higher open. The Dow and NASDAQ are about 0.3% above fair value. The S&P 500 is up 0.2% in early action.

Stocks are poised to rise for a second day after an encouraging start to first-quarter earnings season. Alcoa is up 4.5% in pre-market trading after reporting earnings ahead of analyst expectations. In addition, Constellation Brands posted a fourth-quarter profit that nearly doubled and its shares are gaining 4.5% ahead of the opening bell.

On the downside, shares of Intuitive Surgical are falling 9.3% after predicting first-quarter revenue well below expectations. The release of minutes from the March FOMC meeting will also be in focus as investors look for signs as to when the Fed may raise interest rates.

On the economic front, a report on wholesale inventories is due out at 10 a.m. ET and is expected to show stockpiles increased in February for the seventh consecutive month. In commodities, gold is declining from a two-week high and copper is down for the first time in three sessions. WTI crude is advancing before a weekly report on U.S. inventories.

In fixed-income, Treasury prices are lower before a government auction of $21 billion in 10-year debt. The 10-year note is off 6/32 to yield 2.70% and the 30-year bond is down 12/32 to yield 3.56%.

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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