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 6, 2014 -- 8:30 a.m. - 05/06/14

Stock index futures are little changed in the pre-market. The Dow and S&P 500 are both down 0.1%. The NASDAQ is trading less than 0.1% below fair value on Globex.

The major averages are poised to open modestly lower following this mornings trade data. Futures held steady after the Commerce Department said the U.S. trade deficit fell to $40.4 billion in March, slightly less than an expected decline to $40 billion. Attention on Ukraine will likely figure in todays session as investors continue to assess the situation that has turned more violent.

On the earnings front, insurer AIG is down 2.4% to $51.45 after reporting a decline in first-quarter profits. Fertilizer producer Mosaic is 0.7% lower at $49.35 as its results fell short of consensus. Shares of Walt Disney are up 0.3% to $81.49 ahead of its scheduled earnings release after the closing bell.

In M&A news, General Electric is little changed, down less than 0.1% at $26.57 after Frances government rejected the companys bid for Alstoms energy business. Merck is gaining 0.6% to $59.00 on news it will sell its U.S. consumer brands to Bayer for $14.2 billion.

European markets are down at midsession. The FTSE is declining 0.4% in London. The DAX is off 0.7% in Frankfurt. Asian markets were modestly higher in limited trading overnight. Chinas Shanghai Composite was up less than 0.1%. Markets in Japan and Hong Kong were closed for public holidays.

Treasuries are little changed with the benchmark 10-year note up 1/32 to yield 2.60%.

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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