A SEVERE THUNDERSTORM WARNING is in effect for Lee County until 2:30am. A SEVERE THUNDERSTORM WATCH is in effect for Lee County until 4am. A line of strong to severe thunderstorms -- containing gusty winds, heavy rain, thunder, & lightning -- is sliding east toward the Brazos Valley. Rain & storms are expected in the area through the pre-sunrise hours.
Stock futures are rising on strong quarterly earnings from U.S. corporations and optimism that a deal to avoid the so-called fiscal cliff can be reached before Jan. 1.
Dow Jones industrial futures are up 57 points to 12,627. The broader S&P futures have added 7.2 points to 1,367. Nasdaq futures are up 15.5 points to 2,548.50.
Home improvement company Lowe's said Monday that its third-quarter profit surged 76 percent. That follows a quarterly report from Home Depot last week, which raised its outlook for the year.
Tyson Foods, the country's largest meat company, easily topped Wall Street expectations Monday for its fourth quarter earnings.
House Democratic leader Nancy Pelosi said over the weekend that she's hopeful lawmakers can reach a deal on the budget and avoid crippling tax hikes and budget cuts.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.