Weather Alert

WINTER WEATHER ADVISORY IN EFFECT OVERNIGHT

A combination of light rain, freezing rain, and sleet is possible at times tonight - Some slicks spots may develop in spots

WEATHER ALERT


Weather Alert Radar


September 25, 2013 -- 8:30 a.m. ET - 09/25/13

U.S. stock futures are suggesting a flat open. The Dow and S&P 500 Index are trading less than 0.1% below fair value. The NASDAQ is essentially unchanged on Globex. The major averages are poised to open little changed amid growing concerns of a potential government shutdown on October 1. This comes as the Senate prepares to vote on a stopgap measure that would defund Obamacare. Economic data is also garnering attention. Demand for durable goods recovered in August as orders rose 0.1% following a 8.1% drop in July. Excluding transportation orders fell 0.1% last month. Shortly after the open, a report may show new home sales increased 6.6% to an annual rate of 420,000 in August after dropping in July by the most in three years. On the earnings front, AutoZone posted fiscal fourth-quarter profits and revenues above analyst estimates. Earnings will stay in focus after the closing bell with Bed Bath & Beyonds profit tally scheduled for release. European markets are slightly negative at mid-session. The FTSE is down 0.3% in London. The DAX is off less than 0.1% in Frankfurt. Asia markets were mostly lower overnight. The Nikkei declined 0.8% in Tokyo. Chinas Shanghai Composite index fell 0.6%. Treasuries are little changed before the government sells $35 billion of five-year notes this afternoon. The 10-year note is up 1/32 to yield 2.65% and the 30-year bond is unchanged to yield 3.67%.

 

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