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.
New U.S. home sales data, showing sales were worse than reported for the past four years, and reports on European bank borrowing could produce some of the bigger headlines Wednesday, as markets wind down ahead of the quiet holiday week.
Amid all the gloom and doom about unemployment, there are growing signs that things may actually be getting better.
The negativity that’s driving the euro lower could keep pressure on stocks and commodities prices Thursday.
Fears Europe will drag the world into recession—and with no new signs of relief from the Fed—combined to pressure the euro and trigger a selling wave across risk assets.
The OPEC meeting is one of the bigger events for markets on Wednesday, and traders will also be watching Europe as the euro continues to weaken on disappointment about the response to the sovereign debt crisis.
"Europe is going into recession and the ripple effect on global growth next year is the story," says strategist Peter Boockvar. "To think we can avoid it is delusional."
The euro could be headed for a long slide—and possibly take stocks and commodities with it.
The presidential debate and OPEC could rock markets in week ahead, while data could reveal if economy starting to sputter.
Shares of KCG Holdings rose as Bats shares gained after a report that CBOE Holdings was in talks to buy the firm.
Here's what traders are watching as we get closer to the first presidential debate on Monday.
Amazon.com is now in the ranks of the five largest U.S. stocks by market capitalization.
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.