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Here is a recap of the top news items from this week on Wall Street: 1. As Greek officials stamped out the final details of the nation's latest austerity package, the nation dominating headlines returned to the stock market once again this week.

The EU has required Greece to cut its debt to below 120 percent of GDP by 2020, however, the latest austerity measures would put the country's debt level at 136 percent of GDP.

A number of EU officials have already suggested political leaders head back to the drawing board so as to make further budget cuts.

Greece's parliament

Here is a recap of the top news items from this week on Wall Street: 1. The Facebook IPO was an obvious #1 on the top ten....... until Friday's blowout jobs report. 243,000 payrolls were added in the nonfarm sector, 257,000 were added in the private sector and, in the manufacturing sector, about 50,000 jobs were added.

Economists were expecting a nonfarm reading of 140,000 additions, private additions of 160,000 and manufacturing adds of just 12,000.

The unemployment rate fell nicely from 8.5 percent in December to 8.3 percent in January.

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. The ECB cut its benchmark interest rate from 1.25 percent to 1.00 percent on Thursday, furthering a number of actions which are apparently impacting markets less than regulators first expected.

The action came just ahead of an EU Summit which spanned Thursday and Friday. Traders waking up Friday morning were pleasantly surprised to find EU officials hammered out a deal for an added €200 billion to its bailout fund earlier than expected.

The Summit also effectively tightened anti-deficit rules.

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. This week making the fourth consecutive appearance at StreetInsider.com's Top 10 List: Euro crisis!

Following 10-year yields which pushed over 7 percent in Italy last week, traders calmed over the beginning of this week.

Renewed concerns, however, sparked bond selling across much of the Eurozone, pushing 2-year yields in both Italy and now Spain over the 7 percent mark.

Mario Monti was named as Italy's new chief, while the nation's UniCredit dealt with issues as CEO Ghizzoni looked to the ECB for broader borrowing.

Earlier

Here is a recap of the top news items from this week on Wall Street: 1. World stocks rallied sharply on Thursday, continuing gains from earlier in the week as EU officials finally agreed on a deal to reduce Greece's debt and expand the firepower of the EFSF bailout fund.

The value of Greek bonds will be reduced by 50 percent while the EFSF will be expanded by 4 to 5 times. 2.

Shares of Amazon.com (Nasdaq: AMZN) tumbled nearly 13 percent on Wednesday following worse-than-expected quarterly results on Tuesday night.

The company posted third-quarter earnings of 14 cents per share,

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.