Weather Alert

High Impact Heavy to Major Snow Storm Late Tonight Through Monday

A fine light snow will break out between 8pm and 10pm this evening becoming steadier and heavier especially after 2-3am on Monday.  Up to 6" of snow is likely in many areas by 7-8am Monday. Snowfall rates at times of 1"-2"/Hr are likely from Monday morning through the early afternoon with snow becoming lighter later in the day, ending between 8pm and 10pm Monday night. A combination of the cold, heavy snow, and greatly reduced visibility at times will create particularly dangerous travel conditions, especially Monday morning. Storm total snowfall is expected to range from 8"-14" with pockets of 14"+ by Monday evening.

WEATHER ALERT


Weather Alert Radar


February 18, 2014 -- 9:00 a.m. - 02/18/14

Stock index futures are little changed this morning. The Dow and S&P 500 are up less than 0.1%. The NASDAQ is trading 0.1% above fair value on Globex.

The major averages are indicated to open slightly higher as investors digest this mornings economic data. Before the open a report showed manufacturing activity in the New York region expanded at a slower-than-expected pace. Later this morning, the NAHB releases its survey of homebuilder sentiment.

On the earnings front, 12 companies are scheduled to report quarterly results today. Among this mornings releases, Coca-Cola is down 1.9% to $38.20 after profits matched consensus estimates. Duke Energy is off $0.03 to $71.42 even after posting earnings above projections.

Forest Labs is a notable gainer in the pre-market. Shares are rallying 30% to $21.41 after Actavis announced it would acquire the drug maker for $25 billion. Netflix is up 0.6% to $438.00 amid reports the company suspended plans to secure its video subscription service on Time Warner Cables set-top boxes.

European markets are mostly higher at midsession. The FTSE is up 0.4% in London. The DAX is 0.1% higher in Frankfurt. In Asia, the Nikkei climbed 3.1% in Tokyo after the Bank of Japan doubled its funding facility and maintained its accommodative monetary policies. Chinas Shanghai Composite fell 0.8% overnight.

Treasuries are higher with the 10-year note up 3/32 to yield 2.73%.

 

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