Market Insider

Big week for Fed, as traders await jobs report

Wall Street gets back to work in the coming week after a holiday hiatus, and stocks could get a lift as traders await Friday's December jobs report.

Stocks started the new year on a weak note, with Thursday's big downdraft and Friday's sluggish performance amid low participation on trading desks because of the New Year holiday and a major snowstorm.

Friday's jobs report is the big event of the week ahead, but it is also a very big week for the Fed.

The Senate on Monday is expected to give final approval to Janet Yellen as Fed chairman, replacing Ben Bernanke when his term ends later this month. Yellen, now Fed vice chair, is seen as dovish and likely to follow the same policy course as Bernanke.