Midday Bell: Vale, BHP Billiton Slump; Stocks Slip on Jobs

Investors hemmed and hawed over whether a stellar jobs report was a good or bad thing as analysts determine what this means for the chances of a December rate hike. The uncertainty took its toll on trading with stocks opening higher before plunging to session lows and remaining in the red by midday. BHP Billiton (BHP) and Vale (VALE) were sharply lower after deadly mudslides in Brazil caused dams to burst at their joint venture. Investors predict the incident will lead to expensive repairs and potential legal bills. DreamWorks Animation (DWA) jumped after the DVD release of children's movie 'Home' helped to boost profits in its recent quarter.