| | Weekly Roundup SEPTEMBER 28, 2012 MarketWatch's top 10 stories, Sept. 24 - 28 By MarketWatch SAN FRANCISCO (MarketWatch) — Among quite a few notable developments this week, there was yet more news from Apple (AAPL). CEO Tim Cook apologized to customers for the fiasco that is the company's new mapping software. The apology appeared sincere and even went so far as to suggest that customers frustrated with the new Apple operating system use rival mapping apps. The apology was noteworthy because it's unusual for companies to apologize for their mistakes. Apple, especially when the late Steve Jobs was in charge, wasn't known for admitting fault.The Dow Jones Industrial Average (DJIA) fell 48.84 points on Friday to close at 13,437.13, a 1.1% drop for the week. The index rose 4.3% in the third quarter. The Nasdaq Composite Index (COMP) fell 20.37 points or 0.7% on the day to close at 3,116.23 and registered a 2% decline for the week. For the quarter the technology centered index rose 6.2%. The broader Standard & Poor's 500 Index (SPX) dropped 6.48 points or 0.5% on Friday, a drop of 1.3% for the week. The benchmark index rose 5.8% for the quarter.Check out MarketWatch over the weekend for all the news you need to organize you portfolio. We'll have complete coverage of all the news over the weekend. Meanwhile, if you're looking to get your week off to a good start, have a look at our weekly videos. Europe's week ahead:ECB and Spain in focus U.S. week ahead: Labor data due — Christopher Noble , assistant managing editorSpanish turmoil Spain's new austerity budget and bank stress tests were relatively well received by market participants. The government impose more cutbacks to meet its budget deficit goals, reformed some institutions and said its banks were mostly in fairly good shape. Markets were fairly steady, but are investors just holding off in the expectation that the government will soon ask for a bailout? Spain is the only subject for EU markets .RIM's respite Surprisingly strong sales of Research In Motion's (RIMM) BlackBerry smartphones gave the besieged company a brief respite from bad news. The company's stock shot higher after it reported higher subscribers in the most recent quarter. Analysts weren't convinced that the tide has turned in its favor . Hidden opportunities As Asia's traditional engines of growth falter, Indonesia and the Philippines, the region's New Tiger economies, are poised to pick up the slack. Whether its tourism in the Philippines, or microfinance banking in Indonesia, industries in these countries are poised for growth and will attract new investors. Global investors can find hidden opportunities in Asia's New Tigers .Late-summer glow Wall Street was in an upbeat mood and indexes hit multiyear highs as the days shortened as fall approached. Markets climbed a high wall of worry and were boosted by the Federal Reserve's QE3 initiative. Every major stock mutual fund category registered gains in the quarter, but it isn't clear that trend will continue. Investors have reason to cheer, but are becoming more selective .Commodities outlook Many major commodities did well in the third quarter, but heading into the last three months of the year, the outlook is less bright for some as the world's economy keeps sputtering and recent monetary policy actions by central banks around the world kick in. Oil and gold may do well, but watch out for grains and sugar .No victory Obama made plenty of progress in his first term on issues ranging from health care, rescuing the auto industry and women's rights. But he did very little to rein in Wall Street. If anything he made a bad situation worse. Of course that hasn't stopped him from claiming victory on this front, too. Don't let him, because Wall Street may be more influential and dangerous than ever before says David Weidner .Slow growth With just 40 days to go before the election, the latest batch of economic data points to more of the same on the national economic front. The U.S. will continue to expand at a slow pace — and growth might even taper off a bit more. If President Barack Obama wins re-election, it isn't going to be because of a rapidly improving economy .Market model Would you be interested in a stock market timing model that not only was bearish at the stock market top in 2007, but also was screaming "buy" at the bottom in March 2009? Of course you would . IPad control More and more companies are allowing employees to use their personal mobile devices to access work email, calendars and company files. It's called BYOD, for "Bring Your Own Device", and it's handy and popular. But what employees may not know is that they give up a lot of privacy when they route work emails onto their own smartphone or tablet. How your boss can take control of your iPad .Overvalued assets Stocks have sold off since the Federal Reserve told the world it would be open season on risky assets as long as he's in charge, and maybe beyond. The Fed's plan to buy $40 billion of mortgage backed securities a month indefinitely may change investors' mind-set, but it doesn't change the fact that many asset classes are wildly overvalued. Three assets that are the most overvalued .
MarketWatch has sent you this newsletter because you signed up to receive it.To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111 |  |  |
No comments:
Post a Comment