U.S. stocks drifted lower Wednesday amid doubts over the latest bailout for Greece and concerns about global economic growth.

Maybe HP wants to rethink that whole "we're not getting rid of the PC" decision?

Once again, Greece appears to have been snatched back from the brink of default with the promise of more bailout money.

It looks like Greece will avoid an outright default in the short run now that eurozone finance officials have signed off on a second bailout for the debt-stricken nation.

Oil prices rose Monday after Iran cut exports to Britain and France, raising worries that higher gas prices may follow suit.

Michael W. Klein is a professor at Tuft University's Fletcher School and a Non-Resident Senior Fellow in Economic Studies at The Brookings Institution. Klein recently served as chief economist for the Office of International Affairs at the U.S. Treasury in the Obama Administration.

It's officially crunch time. European finance ministers need to agree to the terms of a second bailout to keep Greece from defaulting on an upcoming bond payment.

European stocks have rallied this year on hopes that a full-blown contagion can be avoided, but the outlook remains fraught with risks, not the least of which is what might happen with Greece.

Can the market sustain its rally, or will prospects of a Greek default shatter investors' risk appetite? Those are the key questions on investors' mind ahead of a three-day weekend for the U.S. markets.

Apple continues to be the market darling as investors eagerly anticipate more news about the iPad 3, and perhaps a dividend. The stock is up 24% in 2012.