Bank results and the Consumer Price Index are key this week. Jobs data pushed down rate cut odds, but stocks hit new highs as unemployment fell. A 10-year note auction comes today.

Fed independence concerns hit stocks and Treasuries after Fed Chairman Jerome Powell came under a Justice Department investigation. Big bank results and CPI data loom tomorrow.

Crude oil futures (/CLG26) ended the week higher as escalating protests in Iran raise the prospects of oil supply disruptions.

Stocks got an initial boost from the December nonfarm payroll report which showed gains, although job growth was below estimates; the unemployment rate moved lower.

Stocks are on track for weekly gains, with most of the majors hitting fresh all-time highs, as money finds its way towards other, non-tech, areas of the market.

Investors are on pins and needles waiting for Friday's December payrolls report, with expectations at around 55,000. Weak data Wednesday helped weigh on Treasury yields and stocks.

Our outlook on the 11 S&P 500 equity sectors.

The latest perspective on the bond market from the Schwab Center for Financial Research, including a deep-dive on corporate and municipal bond markets.

Investors await job openings and ADP employment data, but worries about geopolitics, including Greenland and Venezuela, remain in the mix after Tuesday's rally to new record highs.