EUROPE: Signs of division among European leaders over how to handle the region's debt crisis kept markets on edge Thursday. Germany and France called for a second emergency summit next week after it became clear that they would not be able to bridge their difference in time for a key meeting Sunday.
HOPEFUL SIGN: The Federal Reserve Bank of Philadelphia said regional manufacturing showed signs of recovery. Its manufacturing index was far better than economists expected.
EARNINGS: Newfield Exploration plunged 14.8 percent, the largest decline in the S&P 500 index, after the oil and gas producer reported disappointing quarterly results.