Wall Street set to rise as banks grab spotlight

MARKETWATCH FRONT PAGE

Wall Street is poised to bounce back from the prior session�s drop, even as the mood darkens in Europe after Moody�s Investors Service slashes the credit ratings of several banks. See full story.

Stocks to watch Friday: Ryder, Arch Coal

MarketWatch�s rundown of corporate headlines of interest to investors early Friday. See full story.

Europe stocks track global bourses lower

European stocks slump as investors track a sharp plunge on Wall Street and on the Asian bourses, although Spanish stocks rally after the results of two consulting firms� bank stress tests were less gloomy than feared. See full story.

Ifo gauge of German business sentiment declines

Germany�s closely watched Ifo index of business confidence hits a two-year low in June as concerns about the euro-zone debt crisis continue to weigh on sentiment. See full story.

Auditors: Spain�s banks may need up to $78 billion

Much-anticipated review by independent consulting firms finds banking sector requires $77 billion in a worst-case scenario to get back on firmer footing after housing-market collapse leaves it freighted with soured loans. See full story.

MARKETWATCH COMMENTARY

After 15 years in New York City covering Wall Street, David Weidner is leaving. He leaves 15 observations on the industry he�s hated to love and loved to hate. See full story.

MARKETWATCH PERSONAL FINANCE

It�s a situation that seems to defy supply-and-demand logic: If there�s more demand in the housing market, wouldn�t the cost of borrowing funds to buy a home be significantly on the rise? See full story.