Spokesman: Silver Not Stepping Down, Duties Delegated

Spokesman: Silver Not Stepping Down, Duties Delegated

Weather Alert

Nor'easter to Bring a Heavy to Major Snowfall Tonight into Tuesday Night

A major Nor'easter is expected to develop south of New England tonight, potentially getting stuck near Cape Cod into Tuesday before moving away Tuesday night.  This storm will bring heavy snow and gusty wind at times causing blowing and drifting snow, potential whiteout conditions at times leading to dangerous travel late tonight through Tuesday.  Snow accumulations of 10" to 20" will be possible, especially in the Hudson valley and across western New England with amounts up to 10" in the Mohawk valley and western Catskills.   

WEATHER ALERT


Weather Alert Radar


February 21, 2014 -- 8:30 a.m. - 02/21/14

Stock index futures are pointing to a modestly higher open in New York. The Dow is up 0.1% on Globex. The S&P 500 and NASDAQ are trading 0.2% above fair value.

Stocks are poised for a quiet open as investors await a report on January existing home sales. The Fed could also be a factor in the session with speeches from regional presidents Bullard and Fisher scheduled for this afternoon.

On the earnings front, Hewlett-Packard is advancing 1% in pre-market action after the company reported better-than-expected earnings and revenues in the fiscal first-quarter. Priceline.com is also higher, up 2.1% following their positive profit tally.

On the downside, Nordstrom is off 1.7% as the retailer forecasted its full-year earnings below analysts estimates. In other news, sports apparel maker Under Armour is up 1.3% following reports that the company renewed their partnership with US Speedskating.

Turning to fixed income markets, Treasuries are lower along the curve. The benchmark 10-year note is down 1/8 of a point to yield 2.77%. The 30-year bond is giving up 5/32 to yield 3.73%.

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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