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Markets declined on Friday in the wake of President Obama’s jobs speech that added to the uncertainty already weighing on global markets over the euro zone.

Europe's sovereign debt crisis will still hang over global markets this week, but on Wall Street, investors will not be afraid to bet on stocks.

The European economy was once again the focus of Wall Street Wednesday morning after Germany enacted a ban on a certain form of short-selling. Europe's monetary woes have dragged on U.S. equity markets for months as investors weigh the potential long-term impact of a sluggish economy in the region and the possibility that this slowness could upend the global financial recovery. Stateside economic data on consumer prices, meanwhile, continues to point to a slow--but steady--recovery. Stronger than expected earnings reports from Hewlett-Packard, Deere and Target did little to lift stocks in early trading.

Abu Dhabi, wealthy capital of the United Arab Emirates, will "pick and choose" how to assist debt-laden neighbor Dubai, a senior official said on Saturday, after fears of a Dubai default sent global markets reeling.

They say the president's proposal would unfairly penalize U.S. companies that are trying to compete in global markets.