Reuters - Video

Edition: US | UK | IN | CN | JP

video Video

Bernanke steps into the spotlight
Bernanke steps into the spotlight - 02:13
The official royal wedding guest list revealed
The official royal wedding guest list revealed - 01:23
Shuttle astronauts arrive at Cape Canaveral
Shuttle astronauts arrive at Cape Canaveral - 01:18
Waiting for Bernanke
Waiting for Bernanke - 01:51
Hospital staff flee border fighting
Hospital staff flee border fighting - 01:10
Thousands at Sai Baba funeral
Thousands at Sai Baba funeral - 01:03
Al Qaeda releases hostage messages
Al Qaeda releases hostage messages - 01:43
Obama calls birth controversy \
Obama calls birth controversy "distracting" - 05:29
Three blasts hit Kirkuk
Three blasts hit Kirkuk - 01:25
Protests intensify in Yemen
Protests intensify in Yemen - 01:24
Border clashes displace thousands
Border clashes displace thousands - 01:50
S&P Credit Rating Warning Helpful - Lister
S&P Credit Rating Warning Helpful - Lister - 00:53

Stocks worst session in over a month

Thursday, November 12, 2015 - 01:11

Comments by New York Fed President William Dudley hinting at a rate hike in December weighed on stocks. Bobbi Rebell reports.

▲ Hide Transcript

▶ View Transcript

Stocks faced broad based selling Thursday. Materials and energy stocks posting the biggest slide as commodity prices fell. All three major indicies closed deep in the red. Lots of Fed heads speaking. At a research conference Chair Janet Yellen did not comment on the economy or the timing of a rate hike. While New York Fed President William Dudley said the conditions for a rate hike may be satisfied but the outlook for the U.S. economy is still unclear. SOUNDBITE: WILLIAM DUDLEY, PRESIDENT NEW YORK FEDERAL RESERVE (ENGLISH) SAYING: "Spare labor resources are shrinking. But there still is some risk that the growth pace could slow as the trade sector acts as a drag on aggregate economic activity." Retailers rebounding after Kohl's reported a surprise upside to earnings and reiterated Q4 guidance - results in sharp contrast to Macy's disappointing news the prior day. And PayPal slid after a Wall Street Journal report that Apple is talking to U.S. banks about developing a rival payment service. In economic news, weekly U.S. jobless claims held steady, pointing to health in the labor market. In Europe, stocks posted their biggest drop since September on weak earnings and falling U.S. equities.

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

Close

Stocks worst session in over a month

Thursday, November 12, 2015 - 01:11

Featured Videos

World Toad in the Hole Championships

World Toad in the Hole Championships

The aim of the traditional pub game originating from France is to land as many large brass coins or 'toads' in a table's small hole
Tarantula burgers on the menu

Tarantula burgers on the menu

For adventurous diners, tarantula topped burgers are available at a Durham, North Carolina restaurant as part of its ‘exotic meat’ month
Runners brave the cold for North Pole Marathon

Runners brave the cold for North Pole Marathon

Runners brave freezing conditions at top of the world in North Pole Marathon
UK firm turns discarded gum into shoes, coffee cups and combs

UK firm turns discarded gum into shoes, coffee cups and combs

Chewing gum is a blight on city streets and takes a heavy toll on the environment, say its critics. But one woman in Britain is performing modern-day alchemy on it
After oil, solar? Saudi Arabia plans ahead

After oil, solar? Saudi Arabia plans ahead

Researchers in a lab outside Riyadh are leading the kingdoms ambitious new plans to be a world leader in solar energy