| | Weekly Roundup MAY 03, 2013 MarketWatch's top 10 stories April 29 - May 3 By Saumya Vaishampayan, MarketWatch NEW YORK (MarketWatch) — U.S. stocks rose this week to end at record highs following solid corporate earnings and better-than-expected job gains in April. The Dow Jones Industrial Average and the Standard & Poor's 500 Index both rose to record highs, boosted by the jobs report. The Dow (DJIA) rose 142.38 points, or 1%, on Friday to close at 14,973.96. The index was up 1.8% for the week. The S&P 500 (SPX) gained 16.83 points, or 1.1%, to 1,614.42. It posted weekly gains of 2%. The Nasdaq Composite Index (COMP) rose by 38.01 points, or 1.1%, to 3,378.63. The index gained 3% for the week. Don't forget to check out MarketWatch over the weekend for news and commentary about personal finance, investment and retirement.In case you missed it, here is our week-ahead video.  MarketWatch Week Ahead: China in Spotlight —Saumya Vaishampayan, markets reporter Another hurdle for college grads The statistic speaks for itself: The number of 20-24-year-olds with federal jobs has plunged 40% since 2008. It's no secret the government is cutting costs — and staff — across departments. But college students graduating in May also face the impact of the sequestration that hit March 1, which is causing certain agencies to withhold job offers until their budget is more clear. College grads: Uncle Sam doesn't want you. Jobs up, unemployment down Despite a slowdown in federal hiring for college grads, the U.S. economy surprised markets by adding more jobs than expected in April. Highlights from Friday's jobs report also included the lowest unemployment rate since December 2008, even as the labor force increased, which is a positive sign for the economy. U.S. economy creates 165,000 jobs in April iBond Apple Inc. stirred up quite a frenzy this week as it priced a $17 billion bond deal Tuesday. More than one in every seven trades in the high-grade corporate-debt market on Wednesday was of Apple bonds, as bond prices remained higher than offering levels. The real question: Do the bonds come with an iPad? Apple trading floods bond market Doug Kass vs. Warren Buffett Doug Kass's stock positioning shows that he is betting the price of Warren Buffett's Berkshire Hathaway will fall. Then who invited him to the company's annual shareholder meeting? The answer would be Buffett himself — to "spice things up." Why is Doug Kass bearish on Buffett's Berkshire? Easy does it The European Central Bank finally cut a key interest rate at its meeting in Slovakia on Thursday. In remarks after the policy announcement, ECB President Mario Draghi made it clear the bank would be ready to act again if needed. ECB cuts rates as Draghi says more room to act Gold still shining Investors buy assets when they're cheap — and April's fall in gold prices provided just that opportunity for gold buyers. Bullion dealers have been surprised by the demand, which could be the strongest on record. What bullion dealers are saying about gold demand Facebook poking the mobile-ad market You see people scrolling through their news feeds on their mobile phones all the time. Just a year ago, the company's mobile revenue was negligible. Facebook's first-quarter earnings on Wednesday, however, highlighted the social network's growing pull in the mobile-ad market. Facebook mobile: From unproven to robust An eviction notice could herald outperformance The Nasdaq 100 (NDX) kicked out some stocks at the end of the year, and it looks like those stocks are doing pretty well. Why evicted Nasdaq stocks deserve a good home Lose the bank accounts Want to save more? It might be time to consolidate your bank accounts, according to Jennifer Waters. Research shows there's a direct relationship between the simplicity of finances and the amount saved. Why you shouldn't have too many bank accounts Economies to watch History shows the markets have a bad habit of collapsing in the late summer months, says Matthew Lynn. His list of countries that could be in for a scare this summer includes the euro zone's strongest economy. Five places to expect a crisis this summer 
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