Weather Alert

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

The next storm will spread snow into the region today from the mid to late afternoon, 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 Radar

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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