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Trading at Noon: Wall Street drops on cautious ECB remarks

Thursday, December 08, 2011 - 02:33

Dec. 8 - U.S. stocks fell after cautious remarks from ECB President Mario Draghi about bond purchases aimed at easing the region's debt crisis.

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Checking in on trading it in US stocks are lower after cautious remarks from ECB president Mario -- dampening hopes. A more ECB on purchases to ease the region's debt crisis and seeing red arrows across the board right now pushing the S&P lower at this hour check out some of these sectors right now we've got financials off close to 3%. And he materials also off more than 2%. But it's not all bad news new US jobless claims dropped in nine month low last week suggesting. The labor market recovery is gaining momentum and former and that global CEO Jon Corzine's that he was sorry today in his prepared testimony for the house agriculture committee Corzine apologized to his employees. And investors and customers who suffered because of the brokerage firm's collapse. But said. He doesn't know where an estimated one point two billion dollars in missing customer money could be found. The former US senator and ex Goldman Sachs executives -- limited involvement. With the firm's accounting practices we do expect him to be in front that the committee shortly. Consumers are not holding back when it comes to eating hamburgers and drinking milk shakes the world's leading fast food chain McDonald's reported a seven point 4% rise in global sales for November. At restaurants open at least thirteen months. Big gains were led by sales in Japan China and a strong showing in top revenue market. Europe that company has been increasing its dominance ever Wendy's and Burger King -- adding new menu items like this duties. And Angus burgers extending operating hours and renovating restaurants that. Now for stocks to watch at this hour shares of aframax are surging cap -- 41% after its new drug one expert packing between Armenia in patients with chronic kidney disease. Who are on dialysis. Shares of Clearwire -- miles to the downside and more than 5% cash strapped US high speed wireless service provider said. It would outside the public offering of common stock by fifty million dollars to 300 and you know again. After a group bonds Bobby IKEA competitor living social looks to be taking a different -- The second largest daily deals website is freezing 400 million privately. Source told Reuters the deal doubles the company's valuation to six. Billion dollars. Rival group buy shares right now we have an up just a bit without them up just under 4% today that they have really -- since Versteeg doing about a month ago even falling below its twenty dollar IPO price last month. That's up for treating it -- I'm Jen Rogers and this is worth.

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Trading at Noon: Wall Street drops on cautious ECB remarks

Thursday, December 08, 2011 - 02:33