• Google lifts Wall Street in otherwise rough week

    Google's blowout quarter led the Nasdaq higher on Friday but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week.4:32 PM ET | Reuters

  • S&P threatens downgrade of U.S. financial companies

    Standard & Poor's on Friday raised the pressure on debt negotiators in Washington, saying it could downgrade insurers, securities clearinghouses, mortgage agencies and a laundry list of other firms without a deal soon to lift the debt ceiling and cut the deficit.5:46 PM ET | Reuters

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[BRIEFING.COM] The S&P 500 lost 2.5% this week, and about two-thirds of that loss took place on Monday as concerns intensified about Italy's fiscal situation. Europe's fragile financial state remained in focus throughout the week, but commentary about the potential for QE3 took over mid-week after the FOMC minutes revealed discussion among Fed members about the potential for additional monetary policy stimulus, depending on how economic conditions evolve.

Ben Bernanke reiterated ... More


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