Stocks were up on Wall Street Tuesday on reports that retailers Office Depot and OfficeMax are discussing a merger came after big corporate deals for Heinz and Dell were announced in recent weeks. Stocks of office supplies stores jumped following the news.
Stocks closed higher on Wall Street Friday with the Standard & Poor's 500 ending the week nearly two points higher. Investors have piled into stocks at the beginning of the year after lawmakers reached a last-minute deal to avoid the "fiscal cliff."
Stocks ended roughly where they started Thursday as European economic woes eclipsed a promising US jobs report. After a strong start, stocks have drifted sideways over the previous week with few major events to sway investors.