Aust stocks flat at noon

Market steady after US ends three-day streak of record highs.

The Australian stock market was flat at noon after Wall Street snapped a three-day streak of closing record highs, with cautious investors waiting for Ben Bernanke's testimony to Congress.

At 1205 AEST, the benchmark S&P/ASX200 index edged down 0.02% to 4985 points and the broader All Ordinaries index was flat at 4968.4 points.

Materials were mostly higher.

Rio Tinto rose 1.59% to $56.40.

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