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.
Fed officials have been singing different tunes about monetary policy recently, but one voice has risen above the rest to boost the dollar and pressure Treasury bonds.
Barring new shocks, investors will turn their attention to U.S. economic data in the coming week, including the important March jobs report on Friday.
The stock market's newly recharged bull could slow down its rapid run Friday, as investors look ahead to a weekend of unknowns.
Stocks haven't looked back since last Thursday, with more than 4 percent gains in the Dow, S&P 500 and Nasdaq. It certainly feels like that "shallow" 6.4 percent correction from Feb. 18 to March 16 is behind us. Which stocks have been the leaders in the past week? An interesting group, with some obvious winners, and some not so obvious.
The level of bullish commentary seemed to rise with the stock market Wednesday, though trader focus remains centered on global events.
The was weaker Wednesday morning on a trifecta of concerns. First, the expectation that Portugal's government will crumble after its parliament rejects an austerity budget raises the prospect the country will become the third in the euro zone to need a bailout.
Europe's sovereign debt crisis is bubbling up again -- as if investors don't have enough to worry about. On Wednesday, Portugal's parliament is scheduled to vote on a new austerity budget on the eve of an important European Union summit.
The VIX, considered a measure of market fear, rose last week as news about radiation leaks from Japan's damaged nuclear reactors looked increasingly dire. But the stock market has now assumed the worst case will be averted and stocks vaulted higher, sinking the VIX. The VIX was at 20.56 in mid afternoon.
Markets could be in for macro overload in the week ahead with central bankers, Friday's jobs report and OPEC dominating the headlines.
Take a look at some of Friday's early movers: TGT, AMZN, WMT, M, DIS & more
Even in a Thanksgiving holiday lull, financial markets are gearing up for a week of drama.
Names on the move ahead of the open.
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.
Senior Producer - Breaking News
Dominic Chu is a markets reporter for CNBC.
Evelyn Cheng is a markets writer for CNBC.
Sara Eisen is a correspondent for CNBC, focusing on currencies and the global consumer.