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.
Recession chatter is reaching a crescendo The media is full of it. Wall street economists are predicting it. And companies are planning for it. But, the U.S. is not really in a recession yet, technically speaking. (or at least we don't know if we are.)
There's lots of talk out there about whether the stock market hit bottom yesterday. You could turn to any number of market gurus, but a theory we've heard from a few is that yesterday's lows may be the bottom for now, and what happens next will be decided in part by the strength of the economy and of course, the Fed.
In the face of a wobbly market, financials for the second day have been moving higher on the Fed's big surprise rate cut and the hope for more. For several weeks now, we've heard pundits of all sorts debating whether the group is hitting bottom, as it airs its dirty laundry this earnings period. Clearly, the shorts fear that view is true because they have been covering positions in a big way.
Five S&P Technology companies have gone public since Google's debut, including MasterCard and Facebook, here's how they've done.
Tuesday's midday movers:
Names on the move ahead of the open.
Traders jumped into a defensive posture, selling stocks and adding to bond positions after Ukraine engaged a Russian armored column.
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 Senior Commodities Correspondent 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.