Weather Alert

WINTER STORM WATCH FOR WEDNESDAY

While uncertainty remains, confidence is growing this morning in the development of a coastal storm - that could have big impacts on one of the busiest travel days of the year...

WEATHER ALERT


Weather Alert Radar


April 9, 2014 -- 8:30 a.m. - 04/09/14

U.S. stock index futures are signaling a higher open. The Dow and NASDAQ are about 0.3% above fair value. The S&P 500 is up 0.2% in early action.

Stocks are poised to rise for a second day after an encouraging start to first-quarter earnings season. Alcoa is up 4.5% in pre-market trading after reporting earnings ahead of analyst expectations. In addition, Constellation Brands posted a fourth-quarter profit that nearly doubled and its shares are gaining 4.5% ahead of the opening bell.

On the downside, shares of Intuitive Surgical are falling 9.3% after predicting first-quarter revenue well below expectations. The release of minutes from the March FOMC meeting will also be in focus as investors look for signs as to when the Fed may raise interest rates.

On the economic front, a report on wholesale inventories is due out at 10 a.m. ET and is expected to show stockpiles increased in February for the seventh consecutive month. In commodities, gold is declining from a two-week high and copper is down for the first time in three sessions. WTI crude is advancing before a weekly report on U.S. inventories.

In fixed-income, Treasury prices are lower before a government auction of $21 billion in 10-year debt. The 10-year note is off 6/32 to yield 2.70% and the 30-year bond is down 12/32 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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