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.
So far, nearly 20% of the S&P 500 has reported and 78% of those companies have beaten estimates—but stocks ignored the positives this week.
Stocks on Friday face an uphill battle after the Dow suffers its worst two-day sell-off in more than six months.
Earnings will be a challenge for stocks in the coming week, as major bank and tech firms report, along with hundreds of other companies.
lntel's after-the-bell earnings will be a high point Thursday, providing a window on how tech could perform for the fourth quarter. But before that, markets will consume retail sales data and jobless claims at 8:30am, and business inventories at 10am.
Financial stocks could feel the heat when several major bank CEOs testify before a government commission investigating the financial crisis. Google will also be in focus after it said that it may exit China.
The first major fourth quarter earnings report was a swing and a miss. But analysts say it's still too early to dismiss the upcoming earnings season, and expect decent topline growth from report cards.
Friday's jobs report is the first big economic report of the new year and as such, it heralds what could be the first really big trading day of the year.
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 at CNBC's Breaking News Desk.
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.