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President Barack Obama may be igniting debate by going after a corporate tax loophole, but analysts see little chance Congress will take action soon.
Caterpillar's mixed report tempered early gains spurred by manufacturing data.
An earnings deluge will hit the stock market Thursday, and analysts say mostly good reports could continue to drive new highs.
Even with this week's weakness, Amazon.com stock has been outperforming the retailers whose businesses it's challenging.
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.