Soaring Oil Sends Stocks Sliding and Gold to a Record

The first trading day of the month is usually good to equities, but after a two-day respite, stocks went back back to suffering broad-based declines. The sharp rise in oil prices overshadowed some encouraging corporate and economic news.

Week in Preview: Jobs, UPS Earnings and More

Will the stubbornly high unemployment rate fall at all? We'll find out whether when the January employment reports come out this week. Also worth watching for are a host of earnings reports, led by economic bellwhether UPS. The package deliverer is expected to post strong results.

Stocks Rally to Ring in the First Session of 2011

Wall Street started the new year with a robust rally, helped by encouraging corporate and economic news that pushed the broad market to a 28-month high. The S&P 500 has now reclaimed nearly 90% of its losses from the bear-market bottom of March 2009.

Service Sector Picks Up Speed, Growing at Fastest Pace Since May

The U.S. services sector, like its sister sector, manufacturing, continues to hold up its part of the recovery bargain, as the sector expanded at the fastest pace in six months. The U.S. economy is still growing well below its potential, but investors, business executives, and job seekers alike can head in to 2011 knowing that the services sector will continue to add to GDP growth and jobs as the new year begins.

U.S. Manufacturing Grew a Bit Slower in November

A key U.S. manufacturing index unexpectedly dipped slightly in November, but it remained at a level that indicates that the industrial expansion continues. Led by export demand, the factory sector expanded for the 16th consecutive month.