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 are at a critical juncture as the second quarter begins Wednesday, and there's a chance sideways could be the new normal for the time being.
The stock market's three-week run hit a wall Monday. After scoring a 20 percent gain in 14 trading days, financials foiled the rally. Stocks ripped lower after the Obama administration slapped the auto industry for slow progress in restructuring and pushed out General Motors CEO Rick Wagoner. The market reacted poorly to the prospect that GM could now face bankruptcy, but traders say it was also comments from Treasury Secretary Timothy Geithner over the weekend that shook up investors...
Traders say the stock market's recent rally has had its life extended by end-of-quarter window dressing, as big investors increase their exposure to stocks.
Friday may not see another stock market rally, but the expiration of futures and options could bring more volatility.
Crude oil futures fell sharply, signaling traders that the selling is not over.
The Fed may have helped prime the stock market for a Santa rally, if oil remains calm and there are no new flare-ups overseas.
Oil stocks bounced, in their best day in three years.
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.