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 may take a break from their high velocity mood swings as traders wind down for the Thanksgiving holiday. But Wednesday's market will have to digest plenty of data that will help paint a picture of the fourth quarter.
Stocks battle a rough batch of economic news Tuesday. Home prices, another look at third quarter GDP and consumer confidence data are posted in the morning.
In a note today, Levkovich said the stock market has not responded to what normally might have stopped it from cratering. Even with the TARP, central bank intervention and the end of the presidential election, stocks have been unable to turn around.
President-elect Barack Obama's announcement of an economics team Monday may soothe some tensions in financial markets, but investors will keep their eye on the economy, credit crunch and most particularly, Citigroup.
President-elect Barack Obama is moving to fill what Wall Street has been fearing was a dangerous "void." NBC News reports that the president-elect will name the New York Fed's Tim Geithner to the post of Treasury Secretary and name other members of his economic
The stock market is now officially in no man's land. Those were the words of one trader, but he certainly isn't alone in that view. Friday promises to be no less strange as options expire in equities, and credit markets continue to show new signs of frosting over.
There is no joy on Wall Street, and frankly, the mood is getting worse. On Wednesday, stocks hit a 5-1/2 year low on waves of selling stemming from a meltdown in financials. The group was down nearly 12%, with some big names like Citigroup at shocking lows.
Goldman Sachs economists did an exercise where they set some very negative forecasts against the fourth quarter to see just what worst case GDP might look like. Their current forecast is for a decline of 3.5 percent in annualized "growth," but in a "just awful" environment they get to minus 6 percent. Worst case? That would be a 7.8 percent decline.
Investors go bonkers for Alibaba. The stock finally opened just before noon.
Names on the move ahead of the open.
No, Alibaba doesn't actually cure cancer; however, some traders say it's lifting stocks ahead of its IPO tomorrow.
The Fed may have triggered an early look at its dream trade: short-term yields rise gradually and longer-term rates rise more slowly.
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 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.