| | Weekly Roundup JANUARY 25, 2013 MarketWatch's top 10 stories, Jan. 21 - 25 By MarketWatch SAN FRANCISCO (MarketWatch) — U.S. stocks climbed for the week, driven by rising corporate earnings, which investors appear to believe are setting the stage for further market gains this year. The big exception was, of course, Apple (AAPL) which reported results that disappointed analysts and investors. Yes, even though the company's results just about met analyst expectations and its cash pile is equal to the gross domestic product of a small nation, investors decided that Apple hadn't sold enough products and battered the stock for a more than 12% loss.It was the worst stock performance for Apple in years and the earnings report appears to have sparked a change in sentiment about the company that may last for some time.The Dow Jones Industrial Average(DJIA) rose 70.65 points or 0.5% on Friday to close at 13,895.98 and register a gain of 1.8% for the week. The Nasdaq Composite Index (COMP) gained 19.33 points or 0.6% on the day to close at 3,149.71 and mark a 0.5% gain for the week. The broader Standard & Poor's 500 Index (SPX) added 8.14 points or 0.5% on Friday to close at 1,502.96 a rise of 1.1% for the week. It was the first time the benchmark index closed over 1,500 since 2007.Stay tuned to MarketWatch.com over the weekend for all the news you need to organize your portfolio and your life. Please take a moment to view our week ahead videos. U.S. week ahead: Fed meets, and more earnings come Europe's week ahead: Looking for global recovery. — Christopher Noble , assistant managing editor.Cored Shares of Apple slid more than 12% Thursday and fell further Friday as analysts rushed to cut their price targets for the once-favored company, following a lackluster earnings report. Thursday's drop was the deepest in years, and triggered Nasdaq trading circuit breakers. Apple rocked by cuts, trips circuit breaker. No whining No one complains about volatility when it works in their favor, Chuck Jaffe points out. A 1,000-point loss on the Dow Jones Industrial Average might panic investors, but a 1,000-point gain — the same percentage move, just in a different direction — would not ring their alarm bells. Likewise, few people blinked when Apple was reaching a 52-week high above $700 per share last year. Apple investors should stop whining. Needed: New products As Apple faced its latest harsh selloff, analysts turned their focus to new products that might revive interest in the heavily battered stock. Those products exist only in rumor and speculation at this point, as Apple is famously tight-lipped about plans for upcoming devices. Apple's next challenge: finding a catalyst. Life lessons The holy grail of investing is a system or a process that picks winners consistently, in keeping with the style of the individual who is using it to buy stocks or mutual funds. All too often, investors believe they have found that prized vessel to prosperity — right up to the point where the system stumbles or fails. 5 life lessons to invest by. Higher rates The U.S. economy is picking up steam and the Fed's quantitative-easing approach is helping, but investors should watch out for a possible spike in interest rates once growth is well under way, billionaire financier George Soros warned as he made the rounds at the World Economic Forum in Davos. Soros sees soaring interest rates, strong euro. As bad as flying It may be time for travelers to reassess their airline loyalty. A perfect storm of airline mergers, frequent-flier program changes and reduced flight capacity could make it tougher and more expensive for travelers to redeem miles in coming months. Redeeming miles: Now as aggravating as flying. Career switch The urge to switch careers can strike older workers for a variety of reasons—an unexpected job loss, fear about dimming prospects in their current industry, or simply a yen for change—but there are pitfalls of which to be wary. Boomers changing careers? Avoid these 8 mistakes. Payback Europe's long-troubled banking system showed symptoms of improvement as banks prepared to return a larger-than-expected chunk of the more than 1 trillion euros ($1.34 trillion) in cheap, three-year loans provided by the European Central Bank. Europe banks begin repaying LTRO cash. Profit surge Google Inc. (GOOG) shares rose after the Internet giant reported a surge in profit on strong advertising sales for the fourth quarter. Solid gains were seen in the core business, with advertising revenue jumping more than 20% to $12.91 billion in the quarter. Google shares up as profit, sales surge. Key decision A decision on TransCanada Corp.'s Keystone XL pipeline is fraught with political peril for the Obama administration, but for investors the question to ask is clear: If the line is going to be approved, which companies will benefit? Keystone pipeline: Who wins when the oil flows? 
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