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.
There are signs the brutal pace of job losses is slowing, and the economy could even add some private sector jobs this year. Investors will learn a lot from the May employment report, due at 8:30 a.m. Friday.
Already on Wednesday, investors were counting down to Friday's jobs report, and not much in between matters. Thursday's main events include weekly jobless claims, data on productivity and costs, and monthly chain store sales, which are expected to be weak and show the U.S. consumer remains reluctant to spend.
The Treasury market took the government's latest 7-year note auction in stride, compared to Wednesday's wild action.
The stock market is watching the bond market, wary a spike in interest rates will derail a fragile economic recovery and snuff the market's rally.
Trade data could provide a deeper look at the strong dollar's impact on the economy in Q1 and may result in economists slashing growth forecasts.
Analysts say the stars are aligned for crude to hit a rock-bottom price during this quarter.
Check out the companies making headlines after the bell Wednesday: Micron, Kraft, Tesla & more.
Stocks slumped, bond yields fell and the dollar waffled on jitters that growth is even more sluggish than feared.
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.