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 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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