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.
Washington may steal the market's focus from Europe Tuesday, as both the oil spill and financial regulatory reform get prominent play in headlines.
Stocks will navigate choppy waters in the week ahead, but could sail a bit more smoothly—barring any nasty, new surprises from Europe.
After Thursday's big rally on Wall Street, markets on Friday will turn their focus to retail sales and consumer sentiment data.
BP's troubles have now spilled across the broader market, as investors move to price in worst-case scenarios for the oil giant and other firms involved in the Gulf of Mexico rig disaster.
Fed Chairman Ben Bernanke's testimony before the House Budget Committee Wednesday could temporarily shift investor focus from Europe to the U.S. economy.
Harris Private Bank CIO Jack Ablin recommends that investors immediately reduce some of their stock market exposure. Ablin said he made the call after a key momentum indicator he follows reached its "breakdown" level when the S&P 500 fell 5 percent below its 200-day moving average to 1051.
Soured by last week's U.S. employment report, investors are heading to the high ground in an effort to avoid fall out from Europe.
The weakening euro could continue to strong-arm markets in the week ahead, as investors worry about contagion from Europe's sovereign debt crisis and the potential for a bigger setback in the U.S. economic recovery.
Even if there is a blow away jobs number Friday, many economists expect the report will show fewer private sector jobs were created in May than in April.
Markets are already looking ahead to Friday's jobs report, and for that reason, even more weight than usual will be given to Thursday's weekly jobless claims and ADP's private sector jobs data.
Investors proved cautious ahead of the Federal Reserve's two-day policy meeting that ends on Wednesday.
Check out the companies making headlines after the bell Monday: Apple, Container Store, Barracuda & more.
Gold surged amid market intrigue surrounding a deal between Venezuela and Citi to swap cash for part of the country's gold reserves.
Biotech is getting roughed up, after leading the market's gains this year.
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.