Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

Trading at Noon: U.S. Stocks decline on Greek Elections

Monday, June 18, 2012 - 03:32

June 18 - With one crisis averted, financial markets look to Spain for the next possible sovereign debt crisis

▲ Hide Transcript

View Transcript

At key points or -- -- -- read it all the necessary policy measures. To keep the -- is unstable -- intact. This according to a draft document prepared for the G-20 summit and comes as Greece backs up pro bail out forces. US stocks they started -- down about half a percent the NASDAQ has moved into positive territory we did -- green arrows earlier. Across the board NASDAQ -- about three had 1% right now Whitney is right -- correspondent Ryan let's Celek has so. Why don't leave any red arrows there should we just have some fantastic rally today and it's all good news. Well you would think yes and had the vote on the other way increased its possible probably unlikely that we be seeing some steep declines on the day. While we did clear this one hurdle they're still so many left ahead of us in terms of Spain. How graceful former government what Germany will do Central Bank action all these big question marks out there that investors as having difficulty -- It is the story that will never go so what are people doing today and where are masters dialing and we're seeing. Energy here is off. 11% right -- not a surprise that his energy in material and financial some of these other sectors that are tied to the pace of growth. People are leaving those and seeking shelter of the defensive areas like Telecom healthcare utilities. That's gonna name there's a little bit less volatile over a little bit less tied the market. Okay outlets like that one in me ask an aggressive move I for rising. And coming out cutting the price of its current fastest Internet speed in half as it introduces. And even faster service that of course will cost money but the other ones are coming out with. Seems to be let -- -- after cable competition. Right exactly the prices going down to just about a hundred dollars a month for their fastest current speed. That's a cheaper price for faster speed in the rivals so. Not possible seat and I taking similar price cutting action. Right now -- more than 1% the only nice thing about district for me. So we'll have to be. And I -- hot -- today include women's apparel retailer colonies central. Another warning there can't fit into anybody else in that time I mean neither. You know. They're travel. They cut their second quarter outlook for book profits and sales that sending shares down about. We'll let me more than 40%. Of that now it's it's quite a drop. This is coming in some increased competition they're taking them offering steep discounts for the merchandise that is of course eating into margins and profits. And you've. Just. Right relatively during her hair day what they had to temporarily shut down a plan to others in Florida after some equipment -- -- -- structural damage and games to machinery. No one was hurt in the accident thankfully but they said that -- -- know quite yet -- and then when the this'll it will be up and running. And just for those keeping track you know but technology makes wood and cotton virus that go into napkins. And other products. At least this time are my grandson and thank you so much for joining us I think it really appreciate it follow us on Twitter at Reuters Insider. And check out our channel right after her class. -- -- And accurate if it's like.

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 decline on Greek Elections

Monday, June 18, 2012 - 03:32