When President Obama visits China for the first time on Sunday, he will, in many ways, be assuming the role of profligate spender coming to pay his respects to his banker, the New York Times reports.

What follows is a roundup of corporate earnings reports for Monday,  Nov. 16.

Stocks advanced Friday as Disney's earnings beat and JCPenney's outlook helped offset worries about a drop in consumer sentiment. For the week, the Dow gained 2.5 percent, finishing at its highest level since Oct. 2008.

Insurance giant Marsh and McLennan, rocked by a bid-rigging scandal five years ago, will pay $435 million to settle two class action suits in the case.

Stocks clawed higher Friday as solid earnings from Disney and JCPenney helped offset worries about a drop in consumer sentiment. It was a wobbly morning but by midday, the  Dow was up more than 100 points, or 1 percent.

Even as the US market continues to rally, many institutional investors are trimming their US holdings and putting more money in foreign stocks—especially those in emerging markets.

Stocks wobbled Friday as investors juggled a drop in consumer confidence against solid earnings from Disney and JCPenney. They started the day higher, then retreated, then made another push higher.

U.S. department store operator JC Penney forecast earnings for the holiday quarter that could surpass Wall Street expectations, and its shares rose about 8 percent on Friday.

What follows is a roundup of corporate earnings reports for November, Nov. 13.

The oil market is well supplied, with inventories at record levels globally, and the market continues "to be a bit soft," but prices are getting a big boost from the dollar's fall, Exxon Mobil CEO and Chairman Rex Tillerson told CNBC Friday.

Discount retailer Dollar General Corp priced shares in its initial public offering at $21 each, at the low end of expectations, in the latest effort by a private equity firm to unload a portfolio company in a market that has become unreceptive to such deals.

Thursday's losses notwithstanding, Wall Street's major averages enter the Friday session with a chance to finish off their second consecutive week of gains.

Global stocks were mixed Friday as the dollar eased from gains made the previous day. Experts told CNBC investors with a longer-term time horizon should stay fully invested.

Oil prices on Friday touched the lowest level in a month as bulging fuel inventories in the United States stirred demand concerns.

Stock markets in Asia finished mostly lower. after shares on Wall Street snapped a six-day winning streak. China markets, however, managed to buck the uptrend.