Patti Domm is CNBC Markets 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.
Fresh home sales and housing starts data Wednesday are expected to show continued gains by the sector, which has been steadily improving despite the bumpy economy.
The White House promise that it could release oil from strategic reserves if prices get too high is keeping a lid on crude prices, already under pressure from slower global growth.
FedEx’s earnings report Tuesday will serve as a reminder that earnings growth has slowed and in some cases, is in decline.
Stock sectors that could do well if Democrats win in November have been outpacing those that might be in favor if Republicans get control of the White House and Senate, according to an index created by LPL Financial.
Stocks rallied 2% this week after the Fed's QE3 move and could keep going. But there are some trouble spots that could trip up the bulls.
“I think we rally for the next few days off of this, but I don’t know that it really does anything," says one pro. "We’ve been to this movie before."
Wall Street widely expects a new round of quantitative easing Thursday, but if the Fed were just looking at the stock market – nearing a five year high – it may not see the need.
Despite heightened tensions in the Middle East, the energy market is not reflecting risk of a conflict that would disrupt oil shipments, even when looking at future prices into next year.
Names on the move ahead of the open.
Markets are vulnerable to a surprise from the Fed, even though the meeting minutes it will release Wednesday are pretty stale.
The Mexican peso leaped 2 percent against the dollar, briefly breaking past 20 to hit its strongest versus the greenback since Nov. 10.
Natural gas futures plunged 9.5 percent as the prospects for another deep freeze faded.
Patti Domm is CNBC Markets Editor, 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.