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Friday, May 10, 2013

Weekly Roundup: MarketWatch's top 10 stories, May 6 - 10

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MarketWatch
Weekly Roundup
MAY 10, 2013

MarketWatch's top 10 stories, May 6 - 10

By MarketWatch

Weekly Roundup
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SAN FRANCISCO (MarketWatch) — U.S. stocks ended the week at record levels again. It's becoming a regular occurrence as stocks persist with a bull market that has investors and advisers trading opinions about where the market is headed at a rapid clip.

The Dow Jones Industrial Average (DJIA) rose 35.87 points or 0.2% on Friday to close at 15,118.49. For the week, the index rose 1%. The Nasdaq Composite Index (COMP) rose 27.41 points or 0.8% on the day to close at 3,436.58. For the week the technology heavy index gained 1.7%. The benchmark Standard & Poor's 500 Index (SPX) climbed 7.03 points or 0.4% to close Friday at 1,633.70. The index's weekly gain was 1.2%.

Check in to MarketWatch over the weekend for all the news you need to organize your portfolio, your retirement and the rest of your life. We'll have coverage of the Group of Seven meeting outside of London and other news.

Meanwhile, please take a moment to watch our Week Ahead videos.

 U.S. Week Ahead: Retailers in Focus

 Europe's Week Ahead: Can stocks gain more?

-- Christopher Noble , assistant managing editor.

Bloody gold

The popularity of commodities-focused exchange traded funds, which allow everyone from avid retail investors to leveraged hedge funds to make bets on gold, silver and other hard assets without the constraints of trading in traditional futures, may be working against prices — and commodity investors — right now. 'ETF revolution' in gold bloodies investors.

Peace of mind

Some call it contingency planning while others refer to it as plain old risk management. But no matter what you call it, you'll need to start thinking about 'it' if you're saving for or living in retirement, says Robert Powell. What retirees really want: Peace of mind.

War (craft). What is it good for?

Activision Blizzard Inc. (ATVI) posted a strong rise in first-quarter earnings, but a large drop in subscribers for its key "World of Warcraft" title and a weak revenue forecast sent the videogame publishers' shares tumbling. Activision Blizzard trips on 'Warcraft' decline.

Window 8 reboot

Microsoft (MSFT) acknowledged that it has been "closely listening" to customer feedback about its Window 8 operating system and reiterated plans for an update later this year, code-named Windows Blue. Pundits began to predict the software giant might abandon some of the innovations introduce with Windows 8. How Microsoft can reboot Windows 8.

Too late?

It's a sad truism of the stock market that mom-and-pop investors are usually late to the party. When John Shinal read last month that retail money flows into U.S. stock mutual funds were the best in nine years for the first quarter, he asked himself how long this party might go on. Are retail investors piling on too late?

Bigger things

When the Dow Jones Industrial Average crossed 15,000, it had Chuck Jaffe dreaming of bigger things. Specifically: Dow 116,200. Dow 15,000? Try 116,200.

It's not just stocks

Stock markets are hitting new highs almost every day, leading to some tense debates about how much higher stock values can go. Of course, anyone who's been watching the markets over the past 15 years knows that stock markets can get extremely overvalued and stay that way for a long time, says Rex Nutting. It's not just stocks; everything is overvalued.

Worse than you think

Anyone who feels cynical about the U.S. media has been having a good few weeks. There have been the high-profile goofs — by CNN, in its coverage of the Boston bombings, among others. It's become a cliché these days to say you don't trust the media. But you know what? You're right not to do so, says Brett Arends. The news media is even worse than you think.

On Alert

Federal Reserve Chairman Ben Bernanke said the U.S. central bank was monitoring for signs of excessive risk-taking, such as "reaching for yield," given low interest rates. Bernanke: Fed monitoring 'reaching for yield.'

Extortion

The battle over the future of Dell Inc. (DELL) heated up after the company received an alternative proposal from Carl Icahn and Southeastern Asset Management that may compete with a privatization offer by founder and CEO Michael Dell. Dell gets Icahn bid; expert calls it 'extortion.'

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