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Weather Alert

Light Icing Possible Tuesday Morning in all Areas

Temperatures in many locations will be at or below freezing as showers overspread the region from the south by or shortly before daybreak leading to some glazing on untreated surfaces.  Although any ice build-ups will be light, generally a thin glaze, it only takes a thin glaze to make a surface slick.  Use caution traveling throughout the region during the morning


May 19, 2014 -- 8:30 a.m. - 05/19/14

Stock index futures are pointing to a lower open on Wall Street. The Dow, S&P 500 and NASDAQ are all trading 0.2% below fair value on Globex.

The major averages are poised to decline on Monday as investors assess data on global growth. U.S. futures are down after Chinese new home prices rose in the fewest number of cities in 18 months. With no U.S. economic releases scheduled today, focus will be on the Fed. This afternoon, San Francisco Regional Fed President John Williams and Dallas Richard Fisher will be on a panel discussing monetary policy.

Investors are also digesting more M&A news. DirecTV is flat at $86.18 after AT&T agreed to purchase the satellite TV provider for $48.5 billion. Shares of Pfizer are adding 1.7% to $29.60 after AstraZeneca rejected the drug makers $117 billion bid to buy the company.

On the earnings front, Campbell Soup is falling 4.9% to $42.90 after the company lowered its full-year guidance. Urban Outfitters is unchanged at $36.20 ahead of the teen retailers profit release after the close tonight.

European markets are mixed at midsession. The FTSE is down 0.3% in London. The DAX is 0.1% higher in Frankfurt. Asian markets were mostly lower overnight. The Nikkei declined 0.6% in Tokyo amid a strengthening yen. Chinas Shanghai Composite lost 1.1% after the disappointing housing data.

Treasuries are little changed. Benchmark 10-year notes are up 2/32 to yield 2.52%.

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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