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Flood Watch in WNY

Flood Warning is posted for all of WNY until 5:00 PM tonight.

Thhis storm has the potential to produce locally heavy rainfall across WNY, with 2-3 inches of rain possible in some locations where heavy rainfall persists.

 

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The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Stocks have their worst day in two months

New York (AP) -- The stock market is down the most in two months, continuing a weak start to the year.
    
The energy sector slumped as the price of crude oil declined.
    
Traders were also worried about more cuts in the Federal Reserve's stimulus program following remarks from policymaker at the central bank.
    
The Dow Jones industrial average lost 179 points, or 1.1 percent, to close at 16,257 Monday.
    
The Standard & Poor's 500 index fell 23 points, or 1.3 percent, to 1,819. The Nasdaq composite fell 61 points, or 1.5 percent, to 4,113.
    
Stocks are getting off to a poor start this year. The Dow is down 2 percent and has risen only twice in 2014.
    
Consumer discretionary and energy stocks fell the most in the S&P 500 index.
    
Bond prices rose.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 
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