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.
Oil has been down more than $2 a barrel today, but some traders say the move to $100 is back in play. That trend became clear yesterday, when crude rose $4.37 to $94.39 per barrel, a 4.9 percent increase. Joe Terranova, MBF Clearing director of trading, said he saw a a condition in crude futures today he hasn't seen in months.
Except for car buying, the consumer didn't show signs of holding back in November even with a big pickup in energy prices that is beginning to hit at the wholesale level. That is what today's data shows with a 1.2 percent pickup in retail sales for November, double expectations, and a big 3.2 percent in jump in producer prices, the biggest increase in that number since 1973.
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 co-anchor of the 10AM ET hour of CNBC's "Squawk on the Street" (M-F, 9AM-11AM ET), and named co-anchor of CNBC's "Power Lunch" (M-F, 1PM-3PM ET).
CNBC Rapid Update will offer new measures of how much an economic report changes the outlook on Wall Street for US growth forecasts.
CNBC's Dominic Chu discusses Wall Street's S&P 500 targets for 2017.
Top strategists have gotten more optimistic on stocks, just as the S&P 500 has pulled back slightly from records, according to CNBC's latest Market Strategist Survey.