Rally fizzles ahead of jobs report

Jan. 3 - U.S. stocks gave up most of their gains late in the session as investors turned cautious in anticipation of Friday's key labor report. The Dow rose 12 points to 13,056. The S&P 500 was unchanged at 1,447. The Nasdaq slipped 6 points to 2,602. Crude oil cracked $100, but finished lower. Gold hit a new record.

Conway G. Gittens reports from New York. REUTERS VIDEO