News update – 12 Oct 10

Wall Street Update and Outlook Previous close Chg % chg DOW 11,010.34 3.86 0.04% Nasdaq 2,402.33 0.42 0.02% S&P 1,165.32 0.17 0.01% Source: Yahoo Finance Stocks spent most of the session chopping along listlessly with modest gains until a flurry of late selling led to a flat finish. A lack of headlines left stocks with few drivers this morning, but a modest bid helped keep the major averages in positive territory. Still, conviction appeared lacking as there was little support when stocks were tested with resistance near last week’s highs. Stocks were also backed down by the greenback’s gains — […]