Stocks finished mixed after trading in a tight range for most of the session Wednesday as continued uncertainties with the global economy weighed on investors. There was some hope earlier this morning that the dip-buyers could show up again and help the tape post a decent rally. The heavy selling pressure of the last few days wasn't as prominent today, but those dip buyers, who were such a big driver throughout the September rally, hung out on the sidelines for the most part. On the whole, news flow has slowed compared to early November and retail earnings in the last 48 hours have been decent, but uninspiring.

After the close, GM's IPO priced at $33.00 on 478 million shares, the fifth largest in U.S. history, after initially guiding the range at $26.00-$29.00.

The Dow Jones Industrial Average ended down 15.62 points, or 0.14%, to close at 11,007. The S&P 500 closed flat, at 1178, and the Nasdaq was up 6.17 points, or 0.25%, to finish at 2476. Among key S&P sectors financials, telecom and materials, while consumer discretionary stocks rose.

The CBOE Volatility IndexI:VIX closed down $0.82, at $21.76, after trading in a tight range all session, below its 100-day moving average and above 50-day moving average. VIX has support at its 50-day moving average of $20.92 and resistance at its 100 day moving average of $23.09. Total put volume of 171,000 contracts compared to 169,000 call contracts, with December 22.5 puts and December 37.5 calls as the most actives traded series.

SPDR S&P 500 ETF (SPY) - Get Report volatility moved lower after yesterday's spike, closing up $0.06, at $118.22. SPY has support at its 50-day moving average of $116.84. December at-the-money (ATM) 118 put option implied volatility is at 20 and January is at 21. November 118 and 119 puts were active on total option volume of 1.17 million puts and 589,000 calls suggesting traders are still focused on downside hedges. "Stocks go down faster, harder and further than they can go up."

PowerShares QQQ Trust (QQQQ) volatility also decreased as tech stock prices stabilize a bit more. The Qs closed up $0.15, at $51.60, and has support at its 50-day moving average of $50.50. November 53 calls were active on total option contract volume of 228,000 puts and 277,000 calls. November put option implied volatility is at 22 and December is at 23, below its 26-week average of 25, indicating decreasing price movement.

Ford (F) - Get Report closed up $0.17, at $16.68. November 17 calls and December 16 puts were active on total option volume of 129,000 puts and 235,000 calls ahead of GM's IPO pricing. December option implied volatility is at 44 and January is at 45 compared its 26-week average of 39, suggesting larger price movement.

The following economic data are expected to be released on Thursday: Jobless Claimsdue out at 8:30 a.m. EDT, Leading Indicators and Philadelphia Fed Survey at 10:00 a.m. EDT and the EIA Natural Gas Report at 10:30 a.m. EDT.

Notable companies reporting before the open: AEO, BKE, BONT, CHINA, CSIQ, DLTR, GME, HP, LTD, PLCE, ROST, SHLD, SPLS, SJM, TLVT; after the close: ADSK, BCSI, CRM, DELL, GPS, INTU, MRVL, WTSLA.

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