Weather Alert

Patchy Freezing Drizzle Possible Through the Remainder of the Night

The main surge of steady mixed wintry precipitation has moved out of the region with a potential for some periods of freezing drizzle through the remainder of the night glazing untreated and elevated surfaces.  Temperatures will continue to slowly rise overnight, likely into the lower 30s towards daybreak, with much improved travel conditions for the Wednesday morning commute.

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%.
 

 

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