Weather Alert

MODERATE TO HEAVY SNOW STORM WED. AM THROUGH WED. NIGHT

Low pressure developing off the Southeast coast will quickly move northeast tracking south of New England through Wednesday night as colder air arrives to produce a moderate to heavy snow storm for much of the region.  Snow will develop quickly Wednesday morning and fall heavily at times through the afternoon and evening before tapering off and ending before daybreak on Thursday.  Expect difficult travel conditions with snow packed roads and low visibility through the duration of this storm.  Click Here for the CBS6 Weather Forecast Page

WEATHER ALERT


Weather Alert Radar


April 10, 2014 -- 8:30 a.m. - 04/10/14

U.S. stock index futures are suggesting a lower open. The Dow, S&P 500 and NASDAQ are all at least 0.2% below fair value.

Stocks are under pressure as investors digest economic data and earnings results. On our shores, jobless claims declined more than expected to the lowest level since May 2007 as filings fell by 32,000 last week to 300,000.

A separate report showed import prices increased 0.6% in March which was above the consensus estimate for a gain of 0.2%. Fears of a slowdown in China returned to the surface as the nations exports and imports unexpectedly fell last month.

On the earnings front, Bed Bath & Beyond is losing more than 6% in pre-market trading after its fiscal fourth-quarter earnings fell more than anticipated and the retailer delivered a profit forecast below analyst expectations. Shares of Chevron are declining 1.2% before the open after the company said it expects its first-quarter income to slip due to high currency conversion costs and environmental charges in its mining unit. On the upside, Costco Wholesale reported better-than-expected same-store sales in March and its shares are gaining 1.3% in early action.

In fixed-income, Treasury prices are paring yesterdays retreat before a government auction of 30-year bonds. The 10-year note is up 4/32 to yield 2.68% and the 30-year bond is higher by 8/32 to yield 3.56%.

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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