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.
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.
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."
Like a financial Pied Piper, European Central Bank President Mario Draghi could call the tune for markets Thursday.
Check out which companies are making headlines after the bell Wednesday: Vivint Solar, H&R Block, Encana & more.
Names on the move ahead of the open.
Wednesday's reports will be mined for clues on whether the economy is strong enough for the Fed to become less "patient."
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.