Market Insider with Patti Domm
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With investors jaded by years of turbulence, the Dow's break through 14,000 did not trigger bells and whistles, but it should portend a slow march higher for stocks.
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Fed Still The Focus For Markets
Posted By: Patti Domm
Stocks are striking a sour note before the open, with market talk focused full force on the Fed.Traders are also watching a Fed report, due at 10 a.m. New York time on the amount of commercial paper outstanding. Second quarter GDP, released this morning, was revised to 4% from 3.4%.
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Gasoline Rises On Record Low Supply
Posted By: Patti Domm
Reports that gasoline supply is at a record low is fueling a big jump in gasoline prices at the NYMEX. The Department of Energy's Energy Information Administration today says gasoline supply is at a record low, reaching just 20 days of supply.
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Market Trading: A Very Active Day Ahead?
Posted By: Patti Domm
There's a calmer tone on Wall Street for now, but traders doubt it will stay that way. Stock futures are higher and had been gradually improving ahead of the opening. RWH Financial's Bob Iaccino said on "Squawk Box" that some of that move has more to do with trader hesitancy about today and short covering.
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Financial Shares Sell-Off Grips Markets
Posted By: Patti Domm
Fear of financial companies is again gripping world stock markets. Selling in financial shares-- banks and brokers--was a theme in the U.S. market yesterday but continued around the globe as investors worry that credit problems would show up on the books of major financial institutions. Several headlines helped stir the fear. European markets are weaker this morning, and Asian stocks closed mostly lower.
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Treasury Auction "Quenches" Thirst: Calms Market
Posted By: Patti Domm
What a difference a week makes. The U.S. Treasury auctioned a record amount of short-term bills this week which is calming the market. "It quenches the thirst for risk-free paper," says CNBC's Rick Santelli. Today's combined record $43 billion auction in three and six-month bills saw the strongest demand since June and drew much higher yields than we saw last week.
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Stock Futures Weaker, Housing Data in Focus
Posted By: Patti Domm
Stocks start the week on a weak note as investors await existing home sales data at 10 am New York time. A flurry of takeover headlines is getting attention, most importantly the revised deal by three private equity firms for Home Depot's service unit. The three buyers, Bain Capital, Carlyle Group and Clayton, Dubilier and Rice, agreed to buy the unit for $8.5 billion, 18% less than the original price agreed in June.
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CNBC's Domm: Today's Agenda in the Markets
Posted By: Patti Domm
Stocks futures are meandering on both sides of the unchanged mark after stronger-than-expected durable goods orders and investors now await new home sales data due at 10 am New York time.
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CNBC's Domm: Today's Agenda in the Markets
Posted By: Patti Domm
Stoked by positive developments on the credit and mortgage front, stocks are building on yesterday's gains and look ready to spring higher on the open.
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About Market Insider
Be prepared with Market Insider. Your daily guide to events and trends that drive the financial markets. Whether it’s stocks, foreign exchange, commodities, or bonds, you'll get a distinctive look at the discussion shaping investment decisions as well a wide range of opinion.
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Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.
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Greenberg is senior stocks commentator for CNBC appearing throughout business day programming and on CNBC.com.
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A CNBC reporter since 1990, Pisani reports on Wall Street and the stock market from the floor of the New York Stock Exchange.
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Epperson covers the global energy, metals and commodities markets from the NY Mercantile Exchange for CNBC and CNBC.com.
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Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.
