Weather Alert

Snow and Gusty Wind on Tuesday - Poor Travel Conditions Expected

A major Nor'easter now developing off the mid Atlantic coast will put eastern New York and western New England on its western side through Tuesday.  Snow will become steadier from SE to NW across the region after midnight and towards daybreak Tuesday with snowfall of varying intensity through Tuesday evening.  A gusty NNW wind from 20-30 mph at times will cause blowing and drifting of the very dry snow creating poor visibility and hazardous travel conditions into Tuesday night. General Storm accumulations in the Capital Region of 4"-10" are expected with higher amounts across western New England.


Weather Alert Radar

May 16, 2014 -- 4:15 p.m. - 05/16/14

Stocks ended the week on a positive note. The Dow rose 44 points to 16491. The S&P 500 advanced 7 points to 1877. The NASDAQ gained 21 points to 4090.

After toggling between gains and losses for a majority of todays session the major averages finished higher thanks to an afternoon rally. On the economic front, the University of Michigan consumer confidence survey unexpectedly dropped this month from a nine-month high. On the upside, housing starts surprisingly jumped in April to the highest level since last November and building permits also increased more than anticipated.

Nine of the 10 S&P 500 sectors advanced. Telecommunications and consumer staples were the best performing groups. Verizon rallied 2.3% to $49.05. Altria added 1.4% to $40.61. Late gains in technology also helped lift the market as Apple jumped 1.2% to $596.12. Energy was the only sector that closed in negative territory, led by Chesapeake Energys 4.7% drop to $27.62. Despite todays gains, the Dow snapped a two-week winning streak as it declined 0.6%. The S&P 500 was down less than 0.1% on the week while the NASDAQ managed to finish with a weekly gain 0.5%.

NYSE Composite volume totaled more than 3.1 billion shares. On the NYSE, advancers beat decliners by 2-1 on issues and 5-3 on volume. The NASDAQ was 8-5 positive on issues and 5-3 positive on volume.

Treasuries fell for the first time in four days. The 10-year note declined 9/32 to yield 2.52%. The 30-year bond lost 12/32 yield 3.34%.


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