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It's been awhile since holiday shopping has been such a wild card for the economy. Wednesday kicks off the batch of major retail earnings, when Macy's reports ahead of the opening bell.
It's "risk on" in global markets, a trend traders say could help keep stocks heading higher for now.
Middle-aged investors looking to retire in about 20 years should position their portfolios to have a 25 to 30 percent stake in equities outside of the United States, Bill Gross, co-chief investment officer at PIMCO told CNBC Monday.
Stocks could side step temporarily as investors look for the next catalyst that will break the market out of its current range
Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions.
The latest overall job loss numbers showed a loss of 190,000 jobs in September and the unemployment rate rose to 10.2%, the highest unemployment rate since April 1983. The August and September numbers were revised as well. Here is a breakdown of where the job losses were as well as which sectors were adding jobs.
Markets have been hanging on the October employment report, expected to show a drop of 175,000 nonfarm payrolls when it is released on Friday.
Cisco could put a glow into tech stocks Thursday, but traders say the stock market could again be choppy.
Traders have been talking about the upcoming Fed statement for days now, because even a subtle tilt in the Fed's posture on interest rates could unhinge the popular "risk on" trade, where investors bet against the U.S. dollar and throw money into risky assets such as stocks and commodities.
Seesaw moves in the stock market have not discouraged some strategists who believe the market remains in an uptrend, despite near-term choppiness.
Brace for more volatility in the week ahead as investors wrestle with dual concerns that stocks have gotten too pricey and that the economic recovery is just too uncertain.
Stocks could head into Friday on a positive note, rising on 'October-end' momentum. Existing homes figures for September will be in the spotlight.
Economists forecast the GDP number to show growth anywhere from just under 3 percent to as high as 4 percent - the first positive growth for the U.S. economy since second quarter, 2008.
The hopeful mood that accompanied the start of President Obama's term has given way to deepening concern about the nation’s economic troubles, according to a new NBC News/Wall Street Journal poll.
The floor under stocks feels a bit shaky, and the market could give way to more profit taking this week.
"I'd say it's buyers' fatigue that's set in," says one pro. "The stock market seemed to be going up on bad news for a certain period, and now we have what's perceived as good news...but it seems the market's got it fully priced in."
Ahead of Friday's opening bell, investors will be watching earnings from Microsoft and Fed Chairman Ben Bernanke's address at the Boston Fed's annual conference.
The weakening dollar has been one of the catalysts driving stocks and other risk assets higher, and it is a main focus of traders this week as they sort through a deluge of corporate earnings news and watch the dollar shrink to a 14-month low.
Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.
Fewer states reported unemployment-rate increases in September than the previous four months, signaling a turning point may be near, according to a government report Wednesday.