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.
As the Dow flirts with its first trip to the 10,000 level in a year, you might not want to get too excited. BNY Mellon's Chris Sheldon says it is more likely to be a non event than not. It also won't likely change the direction of the stock market, which he says is higher for now.
Intel's earnings beat should help stocks Wednesday but focus will quickly shift to J.P. Morgan's report, ahead of the opening bell.
The positive side of the weak greenback story should show up this week, as a parade of multinationals report earnings.
Uneven economic news is spooking stocks this October, but third quarter earnings could be one factor that helps keep the market's 7-month rally intact.
Wall Street's bears have the upper hand ahead of Friday's September jobs report, expected to show a decline in September of about 200,000 non-farm payrolls and an unemployment rate of 9.8 percent.
Wall Street will quickly shift its focus to corporate earnings news once the books are closed on the third quarter this week.
After a strong third quarter, economists are ratcheting up fourth-quarter growth forecasts but to a somewhat slower pace.
Year-end buying could push the Dow to 18,000, a psychological level that could give any Santa rally more steam.
OPEC talked down the oil market, sending crude sharply lower, while warm weather and growing supply hit nat gas prices.
As the Santa rally lifts stocks higher, Wall Street's expectations for 2015 gains have gotten slimmer.
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.
CNBC's Senior Personal Finance Correspondent
JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC
Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
Senior Producer at CNBC's Breaking News Desk.