Reuters - Video

Edition: US | UK | IN | CN | JP

Video

Trading at Noon: U.S. stocks flat as EU woes build

Thursday, November 17, 2011 - 02:43

Nov. 17 - U.S. equities stayed flat as euro zone debt fears continued to undercut investor confidence.

▲ Hide Transcript

View Transcript

Checking in on trading at news and yes that's right now are flat to negative concerns out there over rising yields on eurozone debt seem to be negating some of the optimism over improved US -- Weighing on the S&P 500 at this moment is materials sector materials off three quarters of 1%. Meanwhile US treasury yields are rising today after improved US jobless claims. Added to hopes that the economy may be in better shape than -- think it is. The world's biggest miner BHP Billiton is now more wary on the outlook for commodities as some players face tighter access to credit BHP's Norris -- said today iron or. Copper coal oil and gas businesses were all holding up well. While conditions were tough in nickel aluminum and -- -- Earlier today insiders that different for Mac brands CEO who has -- positive long range outlook for copper. Based on fundamental global supply and demand factors. While the threat of -- -- hangs over US local governments it appears most cities and counties. Will be able to pay their obligations. Are now. A report out from any capital markets as the bankruptcy filings of the city Harrisburg and Alabama's Jefferson County whispered I problems. Unique to those governments and do not herald a new -- down. Now for stocks to watch at this hour shares of -- right now. Moving to the outside and one point 6% that professional networking website raised its follow on public offering to about eight point 75 million shares priced. At 71 us share in a bid to raise working capital. And shares -- net app right now moving to the dance that they are off nearly 11%. A day after the data storage equipment maker reported -- 6% get. Second quarter profit and forecast lower than expected results for the current quarter. US energy secretary Steven Q is currently testifying on the hill over taxpayer funded loan to Solyndra. Republicans on the panel alleged that there may have been some political violence. But she says that the process was done diligently. As secretary of energy the final decisions on slender -- -- And I made him with the best interest of the taxpayer in mind. I want to be clear. Over the course of Salinger's loan guarantee. I do not made any decision based on political considerations. Accused -- -- Keating 535. Million dollar loan guarantee to announce bankrupt solar panel maker. Which did not receive any acceptable bids for its assets by Wednesday night deadline postponing its sale until January. That's up for trading in and I'm Jen Rogers and this is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

Trading at Noon: U.S. stocks flat as EU woes build

Thursday, November 17, 2011 - 02:43