Weather Alert

Wintry Mixed Precipitation Causes Slow and Slick Travel Through the Night

A rapid transition from snow to sleet will continue across the region this evening with an ultimate switch to freezing rain in most locations before midnight.  With the fast sleet transition snowfall totals will be reduced with many areas seeing 1"-3" with localized amounts of 3"-6" in the southern Adirondacks, Lake George-Saratoga Region, Vermont, the Berkshires, and the Taconics prior to midnight with up to 0.10" of a glaze of icing on top of the snow.  The storm is a fast mover with the most if not all of the precipitation over by or shortly before daybreak.  Slow and slick travel conditions should be expected through the pre-dawn hours with much improved road conditions by the Wednesday morning commute.


Weather Alert Radar

May 5, 2014 -- 4:15 p.m. - 05/05/14

Stocks recovered from an early sell-off to post modest gains on Monday. The Dow rebounded from a 136 point decline to close up 18 at 16530. The S&P 500 added 4 points to 1884. The NASDAQ rose 14 points to 4138.

The major averages finished in positive territory following an encouraging reading on the U.S. economy. Stocks rose after a report showed service sector activity expanded at a faster pace in April. The better-than-expected data helped offset news Chinese manufacturing contracted for a fourth consecutive month and concerns about the situation in Ukraine.

Eight of 10 sectors were higher in the S&P 500. Utilities and energy were the best performing groups. Public Service Enterprise increased 1.9% to $39.62. Shares of Exxon gained 0.9% to $102.91. Financials were down the most on the session. JP Morgan lost 2.5% to $54.22 following a reduced forecast for second-quarter trading revenues. In the retail space, Target decreased 3.5% to $59.87 after announcing the resignation of its CEO.

On the earnings front, Pfizer fell 2.6% to $29.96 as first-quarter profit declined due to increased competition from generic drugs. Tyson Foods retreated 9.9% to $38.44 as it offered a full-year outlook below analyst projections.

Breadth on the NYSE was even on issues and 4-3 negative on volume. NYSE Composite volume totaled 2.7 billion shares. The NASDAQ was 4-3 negative on issues and 8-7 positive on volume.

Treasuries snapped a four day winning streak with the benchmark 10-year note down 6/32 to yield 2.61%.

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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