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.
What a week. The earnings parade arrives, two key reports on inflation are released and Fed Chairman Ben Bernanke makes two appearances before Congress. The stock market's red hot rally at the end of the past week was fired in part on expectation that global growth will continue to pump up earnings, and a slew of corporate report cards will be dealt out next week when banks, techs, airlines and others report quarterly results.
The market is on Fed watch today as traders await a speech by Fed Chairman Ben Bernanke on inflation. Stocks are weaker ahead of the open this morning after some negative earnings news. European markets are trading lower and Asia was mixed overnight.
Any week bracketed by a day of lucky sevens (7/07/07) and Friday the thirteenth has got to be special for numbers obsessed Wall Street. The numbers that matter this coming week will be the possible return to record levels on the Dow and S&P 500, both within striking distance after the past week's quiet but important move higher.
Jobs data will drive direction on what would otherwise be a quiet summer Friday. For now, Wall Street looks firmly higher and world stock markets are mostly in positive territory. China's Shanghai index bounced back after a 5.5% decline yesterday.
traders expect to see a fairly merry market clear on through December now that the November jobs report is out of the way.
Stocks market stages unexpected reaction after November Jobs Report comes in stronger than expected.
Names on the move ahead of the open.
The Twenty-First Amendment to the Constitution was ratified on December 5, 1933.
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.
Sharon Epperson is CNBC's senior commodities and 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.
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Two Colorado court cases say workers can be fired for using medical pot off the job, but the law is unsettled.