Stocks saw their worst decline in months Monday as Italy heads for political disarray. As stocks plunged, gauges of market sentiment indicated that investors were becoming more risk-averse and parking their money in defensive assets.
Transcripts from the Federal Reserve's January meeting were made public Wednesday. These documents showed growing doubts about the longevity of the U.S. central bank's bond buying program, which has kept interest rates at record lows.
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.
Google stock breaks $800 for the first time Tuesday, signaling renewed confidence in the company's ability to reap steadily higher profits. The stock breaks $800 in morning trading, with Google shares climbing 1.2 percent.
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.