Stocks fell worldwide on Monday as further impatience with a lack of progress in the Eurozone debt crisis caused the world’s major indexes to plummet 1-2%. On Tuesday, modest gains were had by the market on somewhat positive US housing data. The S&P 500 added nearly a percent on Wednesday on a report that May home sales beat expectations. Oil also rose back above $80/barrel. On Thursday, stocks started the day down, and fell further after news that Obamacare was upheld by the Supreme Court. However, the markets rebounded at the end of the day when rumors of a potential Euro debt solution began to circulate. The major indexes finished the week on Friday in a big way on very positive news out of Europe, in which European leaders agreed to appoint one supervisor to oversee all of Europe’s banks. Such progress spurred the Dow to gain almost 278 points, while the S&P 500 logged its largest gain of 2012.

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