Weather Alert

Widespread Frost & Freezing Conditions Likely Late Tonight

Between midnight tonight through 8am Saturday morning temperatures are expected to drop into the upper 20s to lower 30s in most areas outside of the immediate Capital Region and mid Hudson valley promoting widespread damaging frost conditions.  In the Capital Region and mid Hudson valley temperatures are more likely to drop into the mid 30s promoting the potential for scattered pockets of frost.  Cover sensitive plants overnight to protect them from the cold.

WEATHER ALERT

June 18, 2013 -- 8:30 a.m. ET - 06/18/13

Stock index futures are trading in positive territory this morning. The Dow is up 0.2%. The S&P 500 is gaining 0.1% while the NASDAQ trades 0.3% above fair value on Globex. The major averages are poised to open slightly higher ahead of start of the Feds two-day monetary policy meeting. Futures have pared gains following reports on inflation and the housing market. Prices paid by consumers rose 0.1% in May, less than projections for a 0.2% increase. Excluding food and energy components, the consumer price index was up 0.2%, in line with consensus estimates. Separate reports showed housing starts rose 6.8% to 914,000 and building permits fell 3.1% to 974,000 last month. On the earnings front, Adobe is advancing 1.0% to $43.82 ahead of its scheduled first quarter earnings release after the closing bell tonight. Hormel is falling 4.8% to $38.70 after the meat producer reduced its full year forecast. Shares of Sony are up 3.9% to $21.52 after a report hedge fund Third Point increased its stake in the electronics company. European markets are higher at midsession. The FTSE is advancing 0.9% in London. The DAX is up 0.1% in Frankfurt. Asian markets were mixed and little changed overnight. The Nikkei slipped 0.2% in Tokyo. Chinas Shanghai Composite added 0.1%. Treasuries remain lower following this mornings economic releases. The 10-year note is down 4/32 to yield 2.20%.

 

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