10 news

Here is a recap of the top news items from this week on Wall Street: 1. Most stocks traded lower throughout Friday's session despite much better-than-expected gains in nonfarm, private and manufacturing payrolls.

Nonfarm gains totaled 200,000, above the 155,000 expected by economists. The reading for November was revised lower from 120,000 to 100,000.

Private-sector payrolls added 212,000 positions, compared to a gain of 120,000 in November. The employment rate fell from a revised reading of 8.7 percent in November to 8.5 percent. 2.

Here is a recap of the top news items from this week on Wall Street: 1. Gold fell as much as $85 per ounce this week, joining silver in bear-market territory.

The metal is down 20 percent from the all-time high of $1,923 per ounce set in September. In addition to continued concerns about the longevity of the euro heading into 2012, traders are attributing the weakness to some year-end hedge fund window dressing.

Despite a modest bounce on Friday, gold will close 2011 trading below $1,570 per ounce. 2. Even in light of news Iran has warned it will block the

Here is a recap of the top news items from this week on Wall Street: 1. Shares of AT&T (NYSE: T) rose more than 3 percent this week as the company announced the end of talks with Deutsche Telekom to acquire T-Mobile USA.

The company will record a $4 billion charge in the fourth quarter related to a break-up fee paid to Deutsche Telekom.

In addition to Sprint (NYSE: S) and Dish (Nasdaq: DISH), tower operators were also a winner amid the news. 2.

Shares of Oracle (Nasdaq: ORCL) plunged more than 11 percent on Wednesday after the company reported its first

Here is a recap of the top news items from this week on Wall Street: 1. European headlines continued to dominate US markets on this week's holiday-shortened session.

Stocks traded sharply lower Monday morning, partly on the heels of concerns related to the rejection of joint bank guarantees by a number of EU governments.

Italian yields were in focus yet again as prices of both two- and five-year bonds sunk to record lows. Fitch warned on France's AAA rating, saying the country cannot absorb many more shocks.

Here is a recap of the top news items from this week on Wall Street: 1. Apple (Nasdaq: AAPL) shares tumbled almost 7 percent this week following the company's first quarterly miss in seven years.

EPS were $7.05 on revenue of $28.27 billion, both missed views calling for earnings of $7.28 per share on revenue of $29.45 billion.

Still, guidance looked strong -- something which Apple does not usually offer its loyal shareholders. Apple expects to report Q1 EPS of $9.30, above the Street estimate of $8.98.

Sales are expected to be $37 billion, better than the $36.63 billion expected from

Here is a recap of the top news items from this week on Wall Street: 1. Stocks continued to charge this week, extending a 2 percent rise last week.

The S&P 500 closed nearly 6 percent higher this week. Gold remains under $1,700 an ounce and crude oil is hanging around $87/barrel.

The VIX pushed below the 30 level this week, suggesting volatility may be easing, but astute traders would probably argue otherwise.

While seemingly positive developments in the Euroarea helped spur upside in equities, pundits are pointing at a rebound in investor sentiment as main driver. 2.

Here is a recap of the top news items from this week on Wall Street: 1. The Dow Jones sunk more than 250 points on Friday following one of the worst readings on the job market since the start of the recovery in early 2009.

Data from the Labor Department showed the U.S. added zero jobs in August, well short of the 68,000 jobs economist had expected.

July was revised from a gain of 117,000 jobs to a gain of 85,000. Private payrolls rose 17,000, versus the consensus of 95,000.

Manufacturing payrolls were down 3,000, versus the consensus of flat. The

Here is a recap of the top news items from this week on Wall Street: 1. The US stock market felt the wrath of a credit rating downgrade this week.

After both Moody's and Fitch affirmed the nation's top credit rating in past weeks, Standard & Poor's late Friday night of last week made the downgrade official.

The firm's credit rating for the US now sits at AA+. S&P has a Negative outlook on the country, meaning the firm doesn't see the US retaining the AAA rating any time soon. 2.

The Dow Jones plunged more than 630 points on Monday following

Here is a recap of the top 10 news items from this week on Wall Street: 1. The stock market had a horrendous week, period.

After declining more than 4 percent last week, the US's major averages plunged another 6 percent this week.

The Dow fell to as low as 11,139. While Friday's session was extremely volatile, the most action seemingly came on Thursday when the Dow sank by more than 500 points. 2.

Italy and Prime Minister Berlusconi garnered the most headlines out of Euro this week as the nation is aiming to avoid as much of the debt-contagion fears

Here is a recap of the top news items from this week on Wall Street: 1. One of the most disappointing payroll reports in recent history shocked traders on the Street Friday.

Following a much better-than-expected ADP reading on Thursday (came in at 157,000, compared to an estimate of just 70,000), traders began getting giddy about the Friday report.

Moreover, analysts began raising estimates for nonfarm payrolls following the ADP report. The Labor Department reported a measly 18,000 jobs were added in June, well below the 105,000 economists had been expecting.