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 winds at times, causing blowing and drifting snow. There's the potential for 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


March 5, 2014 -- 4:15 p.m. - 03/05/14

Stocks took a breather following yesterdays rally. The Dow lost 35 points to 16360. The S&P 500 barely snapped a two-day streak of setting record highs as it gave up less than a point to close at 1873. The NASDAQ eked out a minor gain of 6 points to 4357.

Equities spent the day searching for direction as investors monitored the situation in Ukraine and assessed some disappointing economic data. ADP reported the weakest two-month employment growth since 2012 and a separate report showed service industries expanded at the slowest pace in four years. The Feds Beige Book also garnered some attention as the majority of districts reported modest to moderate improvement in economic activity but bad weather hurt retail sales and manufacturing.

Overall, sectors were mixed. Financials and consumer discretionary were the best performing groups. Bank of America increased 2.9% to $17.21. Shares of Amazon.com rose 2.2% to $371.83. Meanwhile, energy stocks suffered a setback as WTI crude fell for a second day. Exxon Mobil lost 2.8% to $93.83 and Chevron declined 0.9% to $114.32. The utilities sector also lagged behind, led by NextEra Energys 1.2% retreat to $90.57.

NYSE Composite volume totaled more than 3.3 billion shares. The NYSE and NASDAQ were even on issues but 6-5 positive on volume.

Treasury prices inched higher. The 10-year note gained 2/32 to yield 2.69%. The 30-year bond rose 9/32 to yield 3.63%.

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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