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.
The downgrade of Greece's credit rating gave pause to the "risk trade" and could send even more buyers into the relative safety of Treasurys through year end.
Financials will be in focus on Tuesday, as BofA's board meets on a new CEO; bank execs speak before a Goldman Sachs conference, and influential bank analyst Meredith Whitney appears on CNBC's "Squawk Box."
A number of strategists have been recommending that investors steer clear of lower quality stocks and focus instead on those with better balance sheets for the next leg of the road ahead.
On Thursday, Fed Chief Ben Bernanke will be testifying before Congress as part of the confirmation process for his second term. GE and Comcast are also expected to announce their deal over NBCU.
Market analysts are expecting the ISM data on Tuesday to show further growth in U.S. manufacturing in November, while some dollar bulls are forecasting a greenback rebound in December.
US markets are bracing for a shakeup Friday after investors fled risk assets globally on concerns about Dubai's debt rescheduling.
ADP's private sector payroll data will be key for bonds, stocks and the dollar Wednesday morning.
Check out the companies making headlines after the bell Tuesday: Herbalife, EA, Zulily & more.
U.S. oil prices, at $60 per barrel, could spur the fracking industry to restart some drilling.
Names on the move ahead of the open.
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.