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"In the absence of any significant developments in Libya today, the market would trade sideways," he told Dow Jones Newswires. US stocks were flat Wednesday following the chop and change of the oil market, as concerns about events in Libya and a lack of indicators provided little direction for traders. The Dow Jones Industrial Average dropped 1.29 points (0.01 percent) to finish at 12,213.09. The euro was at $1.3905 in early Asian trade on Thursday, flat from New York late on Wednesday. The dollar edged up to 82.82 yen from 82.70 yen.