Weather Alert

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

The next storm will spread snow into the region from the mid to late afternoon on Tuesday with a transition to sleet then freezing rain in many areas prior to midnight.  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 Radar

May 9, 2014 -- 8:30 a.m. - 05/09/14

Stock index futures are indicating a lower open on Friday. The Dow and S&P 500 are both down 0.2%. The NASDAQ is trading 0.3% below fair value on Globex.

The major averages are poised to decline as investors digest another round of corporate profit releases. Ralph Lauren is falling 6.2% to $142.50 after revenues fell short of analyst projections. Shares of Gap are climbing 4.1% to $40.84 after the retailer provided guidance above consensus. Security software maker Symantec is up 1.3% to $20.40 after quarterly results beat estimates an increased it profit forecast.

In M&A news, Apple is down 0.6% to $584.50 on reports it is close to purchasing headphone maker Beats for $3.2 billion. Omnicom is 1.1% lower at $65.06 after the advertising agency and Publicis decided to abandon their $35 billion merger.

On the economic front, a report shortly after the open may show wholesale inventories rose 0.5% in March. Dallas Fed President Richard Fisher is scheduled to speak on the limitations of monetary policy.

European markets are lower at midsession. The FTSE is off 0.4% in London. The DAX is down 0.3% in Frankfurt. Asian markets were mixed overnight. The Nikkei gained 0.3% in Tokyo as generally positive earnings reports helped lift the market. Chinas Shanghai Composite slipped 0.1% amid weakness in property developers.

Treasuries are higher this morning. Benchmark 10-year notes are up 5/32 to yield 2.60%. The 30-year bond is gaining 15/32 to yield 3.42%.

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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