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Trading at Noon: Nasdaq drops 2 percent

Wednesday, December 14, 2011 - 02:46

Dec. 14 - U.S. stocks fell, led lower by energy and technology stocks, with the Nasdaq down 2 percent as a sliding euro and rising Italian bond yields reflected persistent concerns about Europe's debt crisis.

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Checking in on trading at noon US stocks are falling. With investors -- rising Italian bond yields and we giro which by the way marginal of month low today against the dollar. As investors also to keep the Fed's concerns over the strains in global financial markets. And a stronger dollar sun gold tumbled -- to below the 16100 dollars an ounce level for the first time since early October. Weighing on S&P 500 at this hour is the energy sector down nearly 3%. If the November 2012 presidential election were held today president Barack Obama would defeat Newt Gingrich 51% to 38%. The newest Reuters -- those polls shows by contrast Obama would defeat Mitt Romney. By narrower margin of 48 to 40%. Analysts say the results reflect the risk that Republicans could face if they nominate Gingrich. -- strong performances in debates have won in support among conservatives seeking an alternative to Romney. Now for the global economy a Reuters poll finds that you debt crisis may -- some developed countries on the brink of recession. But the US is seen several steps away from a slump economists polled -- 50% chance for Britain a fall back into recession in the next twelve months. And predicted Japan's economy or contracted the fiscal year that ends in March -- -- well. The US economy is expected pick up steam and grow moderately in twenty wild. Now we're stocks to watch shares of First Solar are plummeting down nearly 21%. The -- company cut its 2011 sales and earnings forecast citing continued delays on certain projects due to weather and other factors. And shares of Avon are up 7%. The cosmetics company is looking to replace CEO Andrea -- The companies face a myriad of problems under her leadership including a federal bribery probe and weak sales in key global markets. Also notre shares of Groupon. They're down 8% today the daily deals website as part of Goldman's investment picks in the Internet sector. Looking for a nice property investment and -- -- part of London. A thirty million dollar town house owned by bankrupt American Airlines might catch your mind. The five bedroom residence in Kensington was -- in the early nineties and uses -- residence for senior airline executives including the current chairman and CEO Thomas Horton. An airline union -- expressed outrage over the property. Noting that many Americans have lost their homes in the current economic downturn in American airline executives should lose his house. The property could be sold as part of the bankruptcy process. That's offered trading at noon I'm Fred I think Alan this is --

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Trading at Noon: Nasdaq drops 2 percent

Wednesday, December 14, 2011 - 02:46