Weather Alert

FROST - FREEZE ADVISORIES UP FOR PARTS OF THE REGION TONIGHT

Some higher elevated areas have already seen frost in the past week, but tonight will likely be the coolest so far this season, and frost is expected to be more widespread, including some lower elevations. Frost is not expected in the Capital Region, or southern Hudson Valley, but will be likely in cooler locations. Delicate plants should be protected or brought inside where possible.

WEATHER ALERT


Weather Alert Radar


May 15, 2014 -- 8:30 a.m. - 05/15/14

Futures are suggesting a flat open on Wall Street. The Dow and S&P 500 are about 0.1% below fair value. The NASDAQ is up 0.1% in early action.

A large batch of economic data is in focus. Jobless claims unexpectedly dropped last week by 24,000 to a seven-year low of 297,000. On the inflation front, the consumer price index increased 0.3% in April, the largest gain in 10 months. In addition, the Empire Manufacturing index rebounded more than expected from a six-month low as it jumped to the best reading since June 2010.

Other data is due out after the open, including updates on industrial production and mid-Atlantic business activity, in addition to a gauge of confidence among U.S. homebuilders.

Earnings results are also garnering attention. Wal-Mart is down 2.7% in pre-market trading after posting quarterly earnings and revenue below analyst expectations, citing tough winter weather conditions. Fellow retailer Kohl's is losing 3.3% before the open after falling short of profit estimates as same-store-sales dropped. On the upside, Cisco Systems is rallying 7.5% in early action after the company delivered an encouraging forecast for fourth-quarter profit and sales.

In fixed-income, Treasuries are mixed following yesterdays rally. The 10-year note is off 2/32 to yield 2.55%, the lowest level since the end of October. The 30-year bond is gaining 5/32 to yield 3.37%.

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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