Market News

A "modest contagion" for financial stocks "should allow domestically focused financial stocks to stabilize in the coming weeks," despite the JPMorgan Chase trading mess and the "deteriorating conditions in Europe, according to KBW analyst Fred Cannon.

Let's go over some of the items that will help shape the week that lies ahead on Wall Street: Activision Blizzard needs to bounce back; the Men in Black come back; jewelers may love their earnings, but PC sellers probably won't; and we won't know about Pandora until they open the box.

On Monday, Facebook's stock fell from its IPO price of $38 to a low of (as of this writing) $33.60. So what? Nobody who actually paid attention to Facebook's statements before the IPO should be surprised by this latest turn, or even worried. Here's why:

A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.

Stock futures are rising with a new survey suggesting that economists are a bit more optimistic about housing and employment. The National Association for Business Economists' forecasters expect modest growth for the rest of 2012, with the pace picking up in 2013.

The most interesting story about investing and social media isn't that you can buy shares of Facebook -- it's the way so many advisers and investors are using social networking sites to connect with each other, and with market information.

The Facebook IPO is making dozens of people phenomenally rich. How rich? Check out CNBC's list of top shareholders, see and the amounts of their Facebook windfalls as they move based on the real-time price of the shares.