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Wall Street: Stocks quiet as investors await earnings reports

October 11, 2011 |  8:31 am

Wall sign -- stan honda afp getty images

Gold: Trading now at $1,668 an ounce, down 0.2% from Monday. Dow Jones industrial average: Trading now at 11,410.93, down 0.2% from Monday.

Waiting quietly. Stock markets were wavering Tuesday morning as investors wait for the beginning of the release of third-quarter earnings results.

Volcker arrives. Regulators have finally released a long-awaited draft of the so-called Volcker rule, the part of the financial reform legislation — named for former Fed Chairman Paul Volcker — that is aimed at ending proprietary trading at big banks. It will probably lead to big changes in the way Wall Street does business.

Setting down roots. As Kanye West and Russel Simmons became the latest celebrities to visit the Occupy Wall Street protesters, New York Mayor Michael Bloomberg said the protesters can stay indefinitely, as long as they obey the law.

— Nathaniel Popper

Photo: Stan Honda / Getty Images