Spokesman: Silver Not Stepping Down, Duties Delegated

Spokesman: Silver Not Stepping Down, Duties Delegated

Weather Alert

Nor'easter to Bring a Heavy to Major Snowfall Monday Night into Tuesday Night

A major Nor'easter is expected to develop south of New England Monday night, potentially getting stuck near Cape Cod into Tuesday before moving away Tuesday night.  This storm will bring heavy snow and gusty wind at times causing blowing and drifting snow, potential whiteout conditions at times leading to dangerous travel late Monday night through Tuesday.  Snow accumulations of 10" to 20" will be possible, especially in the Hudson valley and across western New England with amounts up to 10" in the Mohawk valley and western Catskills.   

WEATHER ALERT


Weather Alert Radar


March 17, 2014 -- 8:30 a.m. - 03/17/14

Stock index futures are suggesting a higher open on Monday. The Dow and S&P 500 are both up 0.4%. The NASDAQ is trading 0.5% above fair value on Globex.

The major averages are poised to rebound from last weeks retreat even after voters in Crimea supported seceding from the Ukraine. Futures remained higher after a report showed activity in the New York region expanded in March. Shortly ahead of the opening bell, additional releases are expected to show industrial production increased 0.2% and capacity utilization rose to 78.6% in February. Focus will also be on the Fed ahead of the start of its two-day policy meeting tomorrow.

Shares of Keurig Green Mountain are up 3.7% to $117.48 in the pre-market after it was announced it would be added to the S&P 500 index later this week. Retailer Sears Holding is gaining 3.2% to $45.40 after its board approved the spin-off of its Lands End unit.

European markets are higher at midsession. The FTSE is up 0.3% in London. The DAX is advancing 0.6% in Frankfurt. Asian markets were mixed overnight. The Nikkei declined 0.4% in Tokyo as the yen weakened against the dollar for the first time in six sessions. Chinas Shanghai Composite rose 1% led by gains in the technology sector.

Treasuries are down with the 10-year note off 3/32 to yield 2.67%.

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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