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.
Interest-rate worries and a disappointing outlook from Texas Instruments are taking the punch out of stock prices today. But Lehman Brothers, the first of three brokers to report earnings this week, is a bright spot. The firm had a 27% jump in net profit and its stock is moving higher.
Wall Street is looking for direction and futures are little changed this morning, though stock markets around the world gained ground after Friday's U.S. market rally. Oil is slightly firmer, the dollar is up, and interest rates remain a cause for concern in the stock market.
Stocks are struggling ahead of the opening as a selloff in the Treasury market pushed the yield on the 10-year above the key 5% level for the first time since last July. May sales results from chain stores are rolling in and merger activity continues to make headlines.
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.
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.