Bad news from all angles to greet Wall Street

NEW YORK — It may be too close for comfort for stock investors.

After seeing oil prices skyrocket from days of turmoil in Libya, investors now must grapple with political protests in the world's top oil exporter, Saudi Arabia, and the impact of Japan's biggest earthquake on record.

The S&P 500 was trading below its 50-day moving average last week, and is within reach of support at 1,275, a low touched in late January.
The confluence of events is making investors increasingly cautious. The market's recent weakness revived talk a correction is near, analysts said, even though stocks recovered from early losses Friday to finish the day higher with the Dow back above 12,000 and the S&P 500 above 1,300.
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