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.
While economists say the fiscal cliff has already created a drag on the economy, the impact on the stock market is less certain.
Weekly jobless claims and global manufacturing data could help drive the low volume markets of late August Thursday.
The few people left on Wall Street in the coming week will likely debate whether the stock market is on a course to new highs, or just in the final stages of a head fake rally that will end in pain when September rolls around.
While the ultra-low VIX may be reflecting a calm stock market, futures on the VIX show investors fear there increasingly could be trouble brewing down the road.
Weekly jobless claims and the Philadelphia Fed survey will be picked over by traders Thursday as they try to determine whether the economic news is weak enough to spur Fed easing or strong enough to keep the Fed sidelined.
Stocks are seeking more good news on the economy—as well as signs Washington will be getting down to business on taxes.
The chemical products maker is considering a potential split in its businesses, Bloomberg reported, citing people familiar with the matter.
Shares of Aetna trimmed losses Friday, pending news that the company was raising its divided and authorizing a share repurchase.
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.
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