Weather Alert

Snow and Gusty Wind on Tuesday - Poor Travel Conditions Expected

A major Nor'easter now developing off the mid Atlantic coast will put eastern New York and western New England on its western side through Tuesday.  Snow will become steadier from SE to NW across the region after midnight and towards daybreak Tuesday with snowfall of varying intensity through Tuesday evening.  A gusty NNW wind from 20-30 mph at times will cause blowing and drifting of the very dry snow creating poor visibility and hazardous travel conditions into Tuesday night. General Storm accumulations in the Capital Region of 4"-10" are expected with higher amounts across western New England.

WEATHER ALERT


Weather Alert Radar


May 2, 2014 -- 8:30 a.m. - 05/02/14

Stock index futures are indicating a modestly higher open on Friday. The Dow, S&P 500 and NASDAQ are all trading 0.1% above fair value on Globex.

The major averages are poised to advance following a better-than expected labor report. Nonfarm payrolls unexpectedly added 288,000 jobs in April, beating the consensus estimate of 218,000. The unemployment rate fell to 6.3% last month from 6.7% in March. Later this morning, a report may show factory orders grew 1.5% in March.

On the earnings front, Agnico Eagle is climbing 5.7% to $31.27 after the miner said full-year gold production will likely exceed projections. Chevron is down 0.6% to $124.17 even after posting quarterly results ahead of consensus. LinkedIn is down 1.9% to $158.12 following its reduced revenue forecast. CVS Caremark is off 1.9% to $71.70 after earnings missed analyst expectations.

European markets are slightly higher at midsession as investors digest the U.S. jobs data. The FTSE is gaining 0.2% in London. The DAX is up less than 0.1% in Frankfurt. Asian markets were mixed overnight. The Nikkei slipped 0.2% in Tokyo as investors weighed earnings releases ahead of the U.S. employment report. Chinas Shanghai Composite remained closed for holiday.

Treasuries are lower after nonfarm payrolls rose more-than-expected. Benchmark 10-year notes are down 17/32 to yield 2.68%. The 30-year bond is off 13/32 to yield 3.44%.

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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