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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 GM IPO could wind up as the largest in history. Earlier this week, GM raised the high end of its initial price range from $29 to $33 and increased the number of shares it was offering from 365 million to 478 million common shares because investor demand was so high. Counting preferred stock issued by the company, the deal's value could top $23 billion.

Without a boost from Washington or data showing budding strength in the economy, Wall Street's rally may be running out of fuel as the S&P 500 eases off its 2010 high.

The Federal Reserve wanted to push interest rates lower and jump-start financial markets with its $600 billion economic stimulus plan. So far the Fed is getting the results it wants.

Investors are awaiting the outcome of the midterm elections and the Federal Reserve’s two-day meeting amid speculation over stimulus programs.

A crucial manufacturing index rose in October, but attention could be fleeting as traders turn to the midterm elections and the Fed meeting.

Shares were down after a disappointing report on home prices. Traders also took in a mixed batch of earnings in the United States and Europe.

Stocks rallied Wednesday as investors continue to anticipate more stimulus measures from the Federal Reserve.

Traders tiptoed around stocks early Friday as they absorbed the government's jobs report, but the market flipped a switch mid-morning and settled into a rally mode that pushed the major indexes up to their best levels since May.

Stocks rose Tuesday following news that activity expanded in the U.S. services sector last month.