Risk assets fell across the board on Monday as Asian markets saw a massive sell-off after a weekend decision by the euro zone to force depositors in Cyprus to contribute towards a bailout sparked concerns of contagion across other peripheral countries.
Former Fed Chairman Alan Greenspan told CNBC the "too big to fail" problem with banks is getting worse not better.
Stocks could end the week with a record close in the S&P 500, setting up the index for a run at its all time high in the not too distant future.
U.S. Treasurys prices rose as lower stock prices and an unexpected drop in March U.S. consumer sentiment enhanced the allure of safe-haven U.S. government debt.
For more than a decade, good times in such markets as stocks and real estate were bad news for the greenback. Now, though, the dollar is benefiting from the stock market's surge to new highs and the improvement in U.S. economic data.
U.S. stock index futures remained largely unchanged following the latest round of economic reports, with the S&P 500 within 2 points of hitting its all-time closing high.
European shares closed lower on Friday as as investors booked gains after a 10-day global rally.
Gold finished higher on Friday, marking its second straight weekly gain, as the euro firmed and stocks fell.
Asian equities could deliver gains of 20 percent by the end of the year, according to HSBC.
Brent crude oil rose as strong U.S. jobs data fueled hopes of better demand outlook in the world's top oil consumer, while concerns over supply from the Middle East added support.
The dollar fell from a seven-month high against a basket of currencies Friday after US data dented optimism about the economy and reinforced expectations the Fed will continue its bond-buying program for the foreseeable future.
Bank of England Governor Mervyn King said on Thursday that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
Japanese shares hit a four-and-a-half-year high on Friday on optimism over monetary stimulus, while other Asian markets recovered from previous losses after a strong U.S jobless claims report revealed that a recovery was well under way in the world's largest economy.
Economists are boosting their outlooks for U.S. growth, but the stock market seems to be stalling after months of gains on expectations for a better economy.
A long term bear market is around the corner and will last until 2018, with the Dow losing up to 30 percent of its current value, Kerry Balenthiran, author of "The 17.6 Years Stock Market Cycle", told CNBC.
The top U.S. derivatives regulator has started internal discussions on whether the daily setting of gold and silver prices in London is open to manipulation, the Wall Street Journal reported.
Emerging markets appear to be losing out as investors pile into developed markets on hopes of better economic conditions.
European shares rose on Thursday, resuming the two-week rally that has propelled indexes to multi-year highs.
Brent crude traded around $109 a barrel, weighed by a subdued outlook for demand growth in top consumers the United States and China, while a firm dollar added pressure on prices.
Long-dated Treasurys prices slipped slightly on Thursday after improved labor market data and stock market gains undermined the appeal of lower-risk government debt.
European shares were flat on Friday as talks over the "fiscal cliff" stalled.
European shares closed lower on Wednesday for a third consecutive session, with resurging worries about the global economic outlook undermining investor sentiment.
Standard & Poor's decision to cut Spain's credit rating to one notch above junk status is weighing on markets.