Weather Alert

Accumulating snow ends between midnight and 2-3am as the Snow Storm Winds Down

Some additional bursts of moderate snowfall are likely through midnight with additional snow accumulations of 1"-3" through 2am.  Snowfall rates will rapidly diminish through early Thursday morning as the snowfall becomes light and intermittent with only a bit of patchy light snow or snow grains persisting beyond daybreak on Thanksgiving.
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WEATHER ALERT


Weather Alert Radar


March 3, 2014 -- 8:35 a.m. - 03/03/14

Stock index futures are signaling a lower open. The Dow is about 0.6% below fair value. The S&P 500 Index is poised to fall from a record high as it loses 0.7% and the NASDAQ is down 0.8% in early action.

Equities are under pressure amid rising tensions in Europe. Russian lawmakers approved the use of military force in Ukraines Crimea region, which prompted a vow by the U.S. and its European allies to isolate Russia and hurt its economy. Disappointing economic data is also in focus. Two Chinese manufacturing indexes declined last month and a factory activity gauge edged lower in the euro zone. On our shores, personal income bested analyst estimates as it increased 0.3% in January while spending rose by more than projected 0.4%. Other data is due out at 10 a.m. ET. The ISM manufacturing index is expected to rise in February to 52.4 from 51.3 and construction spending is anticipated to decline for the first time since last March.

On the earnings front, Berkshire Hathaway posted a record profit in 2013 and Warren Buffett signaled plans to make more large acquisitions. Magna International also topped earnings expectations as it reported a 31% jump in quarterly profit and raised its dividend.

Treasury prices are advancing. The 10-year note is up 11/32 to yield a one-month low of 2.61%. The 30-year bond is gaining 16/32 to yield 3.55%.

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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