Patti Domm is CNBC executive news editor, responsible for news coverage of the markets and economy. Prior to joining CNBC in 1999 as senior news editor, Domm was the equities editor for the Americas at Reuters. She was also Wall Street editor at Reuters, reporting on mergers, acquisitions and the Street. She also edited three CNBC books on personal investing. Domm serves on the board of the Financial Womens Association of New York.
Stocks could finish August on a cranky note before entering September - historically the worst performing month for stocks.
The final days of summer could bring more disappointing employment and manufacturing data, setting the stage for a choppy September.
Weekly jobless claims is the data du jour that could tilt the market either way on Thursday.
Dismal news on housing overwhelmed stocks Tuesday, and the markets now look to Wednesday's housing and durable goods reports with newly lowered expectations.
Existing home sales data is expected to be dreary but stocks may do little more than drift Tuesday.
With heightened concerns about the economy, investors next week will hone in on every piece of economic news, as well as a Friday speech from Fed Chairman Ben Bernanke.
There are no economic reports for markets to obsess over Friday, though the double dip debate will no doubt continue as traders look ahead to next week.
Several economic reports could break the quiet trading mood Thursday, including weekly jobless claims—which have moved stubbornly higher for the past two weeks—the Philadelphia Fed survey, and leading indicators.
Stocks and bonds could continue to trade counter to recent trends Wednesday, traders said.
Inflation and housing data, and big retail earnings could be factors that help stir up a quiet summer market Tuesday.
Stocks should continue to dance around all-time highs, as traders watch for catalysts in economic data and bond yields.
NYSE gets a facelift
The CBOE Volatility Index fell below 12 as Federal Reserve Chair Janet Yellen began speaking.
Fed Chair Janet Yellen stuck to her script Friday, even though traders had hoped CPI data would force her to give a nod to improved data.
Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.
Senior Producer at CNBC's Breaking News Desk.
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.