Rare October Snowfall Developing

Winter Storm Warnings are posted for the interior Northeast and Mid-Atlantic as a rare October nor'easter threatens the regions.Widespread power outages may occur as heavy snow coats leafy trees,bringing limbs down on power lines.Baltimore,Maryland has not had October snow since 1903.Upwards of a foot of snow could blanket the Appalachian Mountains,aggravating residents who are looking forward to Halloween on Monday.
Wall Street was not aggravated this week,hailing European leaders for devising a broad outline for handling the Euro debt crisis.Gains were muted on Friday,however,as traders soberly contemplated the U.S. deficit and the prospects for the Europeans now agreeing on details.
For the week,the broadly based S&P added 46.83 points,bringing it up 2.18% on the year.Large cap stocks are leading the way,with the Dow thirty up 5.65% on the year.
Scores were high at the Andalucia Masters at the Valderrama Golf Club in Sotogrande,Spain on Friday.Scotsman Richie Ramsay topped the leader board with a five under par 72.France's Gregory Havret and Spaniard Sergio Garcia shot a 71 and a 70,respectively,on the very hilly course.
Next week will be back loaded by the employment report on Friday.The Institute for Supply Management will also release important manufacturing data.The S&P futures were basically flat in response on Friday evening,barely declining at -0.13,while bond index futures rose.