Weather Alert

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

The next storm will spread snow into the region today mainly between the hours of 3-5 pm, with a transition to sleet then freezing rain in many areas prior to midnight.  This is likely to make for a slow and messy evening commute. 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


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Market Close - October 9, 2013 - 10/09/13

The major averages finished neartheir best levels of the session. The Dow Jones Industrial Average gained 26points to 14,802 after being down by as many as 57 points earlier. The S&P500 added just under a point to 1656 and the NASDAQ shed 17 points to finish at3677. Stocks recovered in the second half of trading as investors looked pastthe continuation of the government shutdown and lack of progress amonglawmakers to reach a deal on the debt limit. Most sectors on the S&Pfinished higher, led by gains in tech stocks. Shares of Hewlett-Packard were up8.9% to $22.60 after the companys CEO offered an optimistic revenue forecast.On the earnings front, Alcoa advanced 2% to $8.10 following their positiveprofit tally. On the downside, Yum! Brands fell 6.7% to $66.49 after thecompany posted weaker-than-expected quarterly results.  On the M&Afront, Mens Warehouse rallied 27.8% to $45.03 despite rejecting a $2.3 billionbuyout offer from Jos. A. Banks on the grounds that the offer undervalued thecompany. Composite volume on the NYSE was over 3.5 billion shares. Issues onthe exchange were even. The NASDAQ was 4-3 negative on issues. Turning to fixedincome markets, Treasuries were lower along the curve. The benchmark 10-yearnote was down 1/4 of a point to yield 2.67% and the 30-year bond fell by over3/4 of a point to yield 3.74%.


This information was prepared by or obtained from sources thatWells FargoAdvisors believes to be reliable. Any market prices are only indications ofmarket values and are subject to change. The material has been prepared or isdistributed solely for information purposes and is not a solicitation or anoffer to buy any security or instrument or to participate in any tradingstrategy. Additional information is available upon request.

Investment and InsuranceProducts:NOT FDIC InsuredNO BankGuaranteeMAY Lose Value

Wells Fargo Advisors, LLC, Member SIPC is a registeredbroker-dealers and a separate non-bank affiliate of Wells Fargo & Company.


 

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