Weather Alert

MODERATE TO HEAVY SNOW STORM WED. AM THROUGH WED. NIGHT

Low pressure developing off the Southeast coast will quickly move northeast tracking south of New England through Wednesday night as colder air arrives to produce a moderate to heavy snow storm for much of the region.  Snow will develop quickly Wednesday morning and fall heavily at times through the afternoon and evening before tapering off and ending before daybreak on Thursday.  Expect difficult travel conditions with snow packed roads and low visibility through the duration of this storm.  Click Here for the CBS6 Weather Forecast Page

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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