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.
It wasn't just your stock portfolio that got banged up by Europe's sovereign debt crisis—the U.S. economy may also be a little bruised.
"I think it's going to be more stable this week, but relative to most weeks this year, it will be a volatile week, and we'll probably get a move in both directions," said BlackRock Vice Chairman Bob Doll.
Unless there's a big surprise in jobless claims, jittery markets will keep their focus on the euro and bank reform Thursday.
The financial sector will be at the crux of market worries Wednesday, as the U.S. Senate moves closer to a vote on banking reform and German regulators explain their surprise move to ban naked short-selling on a group of bank stocks and sovereign debt.
The volatility that zapped stock prices in the past week could continue to deliver some jolts in the week ahead.
In the course of two weeks, stocks have gone from being "overbought" by some measures to being deep in correction mode.
U.S. markets will more likely heed the words of European Central Bank President Jean-Claude Trichet than Fed head Ben Bernanke Thursday.
"At this point, you're sort of in a no man's land waiting for Friday's number," said Daniel Greenhaus, chief global strategist at BTIG.
The bond market has turned into a punching bag for big investors, but strategists don't see yields moving much higher for now.
Treasury yields, at the longer end of the curve, look set for a technical move higher.
Check out the companies making headlines after the bell Monday: Anadarko, Brinks, Tenet & more.
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.