Weather Alert

Rain and T'Storms Expected to Expand in Coverage After 8-9pm

Severe T'Storm Watch until 10pm for Otsego and Delaware counties for the potential for damaging wind gusts with any thunderstorms, otherwise rain and thunderstorms over western New York will move east into eastern New York and western New England between 8-9pm through midnight to 2am.  Locally heavy rain and brief gusty wind will be possible in any of the stronger rain/t'storm elements within a broader area of rainfall.  A general weakening mode with the rain is likely to develop after 9-10pm due to loss of daytime heating.

WEATHER ALERT

October 1, 2013 — 8:30 a.m. ET - 10/01/13

Stock index futures are suggesting a higher open on Tuesday. The Dow and S&P 500 are both up more than 0.1%. The NASDAQ is trading 0.2% above fair value on Globex. The major averages are poised to start the fourth-quarter in positive territory as investors weigh the impact of a partial shutdown of the U.S. government. Attention will now be on whether Congress can reach a deal to raise the federal borrowing limit to avoid a debt default by October 17. Futures are also higher ahead of this mornings economic data releases. Shortly after the open a report may show manufacturing activity expanded at a slower pace in September. Later this afternoon an update on vehicle sales is released. On the earnings front, Walgreens is down $0.25 to $53.55 after its quarterly results matched analyst projections. Shares of Merck are up 3.3% to $49.20 after announcing an additional 8,500 in job cuts and plans to reduce operating expenses by $2.5 billion. European markets are mostly higher at mid-session. The DAX is gaining 0.5% in Frankfurt. The FTSE is down 0.3% in London. Asian stocks advanced in limited trading overnight. The Nikkei finished with a 0.2% gain in Tokyo as Prime Minister Abe raised the national sales tax to 8% from 5%. Chinas markets were closed for holiday. Treasuries are lower this morning with the 10-year note down 9/32 to yield 2.65%.
 

 

Top Stories

See It Loading...
 
Advertise with us!

Contests