Friday's nonfarm payrolls report stunned Wall Street, which had been trading on the notion that the economy was on a steady trajectory higher.
Whether it was just the weather or something worse, stocks moved lower in the afternoon as investors began to wonder whether the Federal Reserve had gotten ahead of itself in reducing its monthly stimulus program.
It was setting up to the first losing day for the market after eight-straight positive "Jobs Fridays."
With all that has gone right for the stock market, it's hard to imagine anything that could go wrong.
One clue could come from interest rates, which have climbed despite the Federal Reserve's efforts to keep them exceedingly low.
Along with the late-year stock rally came a rise in the 10-year Treasury yield to 3 percent, a number that could serve as an important test for whether the rally will continue.
CNBC's Patti Domm and Jeff Cox discuss what the ramifications of rising rates could be and what investors should be on the watch for.
Just a few weeks ago, Wall Street figured it had a friend in the Federal Reserve until at least May. Those expectations suddenly have begun to change.
Strengthening economic data, particularly concerning employment and gross domestic product, have investors concerned that the central bank will begin reducing its monthly asset-purchasing program as soon as next week.
Consequently, gold prices took a battering Thursday. The stock market has been on a steady slide lower, as well.
CNBC's Patti Domm and Jeff Cox discuss the possible further implications of Fed tapering.
November's nonfarm payrolls report offered a little bit for everyone.
There is proof that the economy recovered in terms of the 203,000 jobs added.
There was the substantial drop in the unemployment rate that for once could not be attributed to a shrinking labor force.
And there was even more impetus for the Federal Reserve to begin easing back on its monthly stimulus program, but not by so much that it would come as a shock.
The budget battle may be over but there's a war yet to be fought, leaving investors in a potentially precarious position as Washington's political troubles fester.
On a broad basis, markets have reacted little since the debt debacle and accompanying government shutdown began.
But that can change, and a Wall Street convinced that the Federal Reserve can bail it out of any trouble may be in for a surprise.
CNBC.com's Jeff Cox and Patti Domm hash out the particulars and lay out the bumpy road ahead.
Europe is back, either because of or in spite of austerity, depending on your perspective.
No one is winning the war in Washington.
And it was a tough day to be a trophy wife.
Five years after the financial crisis, Wall Street is doing great but Main Street continues to lag.
Bank balance sheets have been rebuilt, but the too-big-to-fail institutions have only gotten bigger.
Unemployment is lower than the 10 percent crisis peak, but a large portion of the gains have become due to an explosion in part-time jobs and a 35-year low in the labor force participation rate.
Corporate cash has surged, but so has corporate debt.
When the Securities and Exchange Commission accused Steve Cohen of failing to reasonably supervise employees at his hedge fund who the government says engaged in insider trading, a spokesman for SAC Capital said the charge has "no merit."
His outside counsel, Dan Kramer, went even further.
Today is election day in Detroit. So let's take a moment to reflect on what has happened to this once great American city.
The destruction of Detroit is one of the great tragedies of American history. It did not have to happen like this—it did not have to happen at all.
CNBC's NetNet blog has been delivering opinions by the truckload for several years. Now, with the onset of NetNet TV, those opinions are EVEN LOUDER and listening is optional. Here, John Carney, Jeff Cox, Patti Domm and Cadie Thompson sound off on earnings and what really matters.
This is a dance the markets know all too well: Companies look to get investors juiced up about their earnings potential, so they issue guidance a year ahead of time that makes it look like the future is brighter than one of "Gangnam" rapper Psy's shirts.
Then, reality starts setting in.