Daily Wrap: October 11, 2011

Stocks wavered near the unchanged mark as investors awaited news from Slovakia. That country is the only euro zone state that has yet to approve a bailout fund that could prevent large scale financial instability in the region. Heading into the last hour of trading, the Dow was down .08%, the S&P was up .13% and the Nasdaq was down .77%

And this afternoon, the Senate is expected to vote on President Obama's $447 billion jobs bill. Also coming up - earnings season officially begins as Alcoa releases earnings after the bell this afternoon.

Among individual movers today, 99 Cents Only Stores shot up nearly 4-1/2% after agreeing to be acquired by Ares Management and Canada Pension Plan. Shares of General Mills jumped 2% to $40 after Goldman upgraded the stock to buy from neutral. Goldman sees commodity prices easing, and set a $44 price target on the stock.

Tomorrow, investors will be reacting to MBA purchase applications in the morning and then a 2 pm announcement from the Fed. We'll also keep you up to date on quarterly earnings announcements.

For Marketnewsvideo.com, I'm Kristin Bianco.

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