Stocks shook off earlier weakness to close higher after the Fed's June meeting minutes stressed a prudent approach to monetary policy. Crude also reversed course over the session, closing above $47 a barrel after hitting a two-month low earlier. The central bank appeared cautious ahead of the then-upcoming Brexit vote, uncertain of how the global economy might react. Members were also divided on whether a weak May jobs report was transitory. Valeant closed around session highs after Walgreens execs said they were satisfied with their relationship with the drugmaker. The companies entered a distribution deal late last year. CBS plans to separate from CBS Radio via an initial public offering. The separation would be similar to what CBS did with its outdoor-ad unit two years ago.

Uncertainty over the timeline and execution of the United Kingdom's exit from the European Union left markets rattled. The S&P 500 pulled back from gains achieved last week in what was its best five-day performance of the year. Delta cut its profit margin forecasts for its June quarter. The airline pointed to a five percent decline in passenger revenue last month and the higher cost of fuel as reason for the weaker-than-expected quarter. Harley-Davidson declined, giving back much of the gains achieved on Friday. Shares had surged on speculation of a possible takeover deal from private-equity firm KKR in the pipeline. Netflix was downgraded to HOLD from BUY at Needham. The firm said exposure to Europe should either accelerate subscriber churn or slow subscriber growth.

Wall Street returned from the long Independence Day weekend to find worries over Brexit again gaining traction. The Dow ended with losses of roughly 100 points, while crude oil closed at its lowest level in just over a week. Comcast has struck a deal with Netflix to incorporate the video-streaming service into its X1 platform. The deal allows Comcast to compete more effectively with other over-the-top devices such as those from Roku and Verizon . Separately, Netflix reached a new multi-year agreement with the CW, extending the exclusive streaming rights agreed upon in 2011. The deal involves scripted CW series such as Supernatural, Supergirl and The Vampire Diaries. Nordstrom declined despite an upgrade to HOLD from SELL at Miller Tabak. Analysts said the revision was a valuation call.

Stocks are snapping their post-Brexit bounce. Wall Street heads back to work after the long July 4th weekend, looking at losses. The ruling Conservative party in Britain will hold the first stage of its selection process for a new leader today and potential candidates have been busy putting their ideas forward for the post-Brexit environment. Walt Disney

The pound hit a 31-year low against the dollar on Tuesday, as Brexit concerns moved back into the spotlight after last week's rally across global markets. 'We've also hit multi-year lows against the yen and the euro,' said Michael Hewson, chief market analyst at CMC Markets, based in London, adding that Bank of England Governor Mark Carney has tried to shore up confidence in the UK banking sector, but economists are pricing in an interest rate cut as soon as next week. Aside from a plunging pound, the 10-year U.S. Treasury yield hit a fresh low on Tuesday. TheStreet's Scott Gamm reports from Wall Street.

U.S. stocks slipped on Tuesday, following a long holiday weekend. Brexit fears were back in focus as the pound hit at 31-year low against the dollar and the Bank of England announced that it will cut capital requirements for UK banks, enabling them to boost lending. Meanwhile, Tesla shares lost steam after announcing lower-than-expected second-quarter sales figures. The automaker produced 18,345 cars during second quarter. Deliveries stood at 14,370, missing estimates of 17,000. Netflix shares were downgraded to hold from buy at Needham, citing concerns that Brexit may lower UK and eurozone GDP growth over the coming years, which could ding subscriber growth. TheStreet's Scott Gamm reports from Wall Street.

U.S. stocks opened slightly lower on Friday, following three straight sessions of gains. This comes as investors continued to digest last week's historic Brexit vote. Meanwhile, sources tell The Wall Street Journal that Apple is in discussions to acquire Tidal, a music streaming service owned by Jay Z, in an effort to strengthen its Apple Music service. Plus, Tesla shares slipped after the company confirmed reports that regulators have been investigating the recent crash a Model S vehicle that killed one driver while the car was operating in autopilot mode. TheStreet's Scott Gamm reports from Wall Street.

U.S. stocks held onto modest gains in a quieter, low-volume session on Friday ahead of the Independence Day long weekend. The number of S&P 500 shares traded by the middle of the session was under 200 million, a fraction of the three-month daily average. Manufacturing activity in the U.S. increased for its second month in June, reaching its highest level since February of last year. The reading assured investors headwinds that buffered the industry such as a strong U.S. dollar and weaker demand were beginning to fade. Construction spending in May remained weak, though. A decline of 0.8 percent conflicted with estimates of an increase.

Wall Street was a bit quieter than normal as traders escaped the office early for the long Independence Day weekend. Stocks had recovered the majority of Brexit losses by the end of the week. The S&P 500 climbed more than 3% over the past five days. Crude oil added to gains in the afternoon session despite the number of active oil rigs in the U.S. rising over the past week. Prices have been boosted recently by fairly consistent declines in U.S. inventories and production. Harley-Davidson spiked on speculation of takeover interest from private-equity firm KKR. Reports have not been confirmed by either party. Netflix rose after Canaccord analysts initiated the stock with a BUY rating and $120 price target. The firm said the video-streaming service has the potential to post sustained subscriber growth.

U.S. stocks moved more confidently higher after Bank of England's Mark Carney backed further monetary easing in the wake of the Brexit decision. A three-day rally on Wall Street has been partially fueled by increased hopes of stimulus from the world's central banks. Economic activity in the Chicago area topped estimates in June with improvements seen in both production and new orders. Chicago PMI returned to expansion territory, rising to its best level since January 2015. Hershey rocketed to record highs on reports Mondelez International has made a takeover bid. Details of the offer are still emerging and no deal has been confirmed by either company. Seagate Technology announced plans to eliminate three percent of its workforce, or roughly 1,600 jobs. TheStreet's Keris Lahiff reports from Wall Street.