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 will be on inflation watch Thursday. Volatile trading in oil and commodities promises to spill into the stock market again. On Wednesday, energy and other commodities rose, reversing a selling trend and worrying investors, who have been hoping for a reprieve from inflation.
Birinyi Associates points out today that Wall Street's strategists have become even more bullish this month than they were at the start of the year. In fact, they are forecasting a 16 percent gain in the S&P 500 between now and the end of the year, compared to a 12 percent gain at the start of the year.
Today, Merrill Lynch's monthly global fund manager survey confirms this market idea we've been hearing about as the dollar has been moving higher. This "group think" on American assets, as one trader put it to me last week, is driving buyers into the dollar and stocks.
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.