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Friday, May 24, 2013

Weekly Roundup: MarketWatch's top 10 stories, May 20-24

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MarketWatch
Weekly Roundup
MAY 24, 2013

MarketWatch's top 10 stories, May 20-24

By MarketWatch

Weekly Roundup
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The major U.S. stock indexes saw a run of four straight weekly advances snapped Friday, but the fact that stocks had spent the latter stages of the day battling back from a steep early slide — with the Dow emerging in positive territory — took some of the sting out and sent traders and investors into the Memorial Day weekend with reason for optimism.

The Dow Jones Industrial Average (DJIA) ended the week with a 0.3% loss. The Nasdaq Composite Index (COMP) fell 1.1% on the week, and the benchmark Standard & Poor's 500 Index (SPX) matched that.

Visit MarketWatch over the holiday weekend. We'll have all the news and information you need to organize your portfolio, your finances and your retirement.

And take a moment to check out these video features:

Christopher Noble and Tim Rostan , editors

H-P's sugar high

Hewlett-Packard (HPQ) shares soared after the company reported financial results that outpaced analyst expectations, but those analysts warned that the "turnaround" tale at the high-tech giant may not have a happy ending. H-P rally: Turnaround, or sugar high?

Xbox One

Microsoft Corp. (MSFT) unveiled a new videogame console called the Xbox One, though the company took great pains to tout the device as an "ultimate, all-in-one home entertainment system." Microsoft reveals Xbox One game console.

Tumblr for you

Yahoo Inc.'s (YHOO) $1.1 billion deal for Tumblr was viewed by analysts as a bold, potentially game-changing long-term bet, but one fraught with risks for a Web portal struggling with so many other challenges. Yahoo's Tumblr deal 'longshot, long-term' bet.

Wall Street's sun god

J.P. Morgan Chase & Co. (JPM) shareholders easily defeated a proposal to split the roles of chairman and chief executive at the financial giant, handing a big victory to the bank's leader Jamie Dimon and leaving him free to retain both titles. Shareholders hand J.P. Morgan chief a big win.

Sandwich Caprese

Here's a sandwich for members of the sandwich generation: A whole-wheat baguette with fresh mozzarella cheese, arugula, a slice of ripe tomato and a drizzle of extra-virgin olive oil. Eat one regularly and it just might cut your risk of heart attack by 30%. Save your life: Eat tomatoes and mozzarella.

Essential

Memorial Day Weekend isn't just beaches and barbecues. The holiday also means hassles and high expenses, not to mention the likelihood of being stuck in a car with the family. The good news: Whatever your needs as the summer season gets under way, there's an app for that. Best summer travel apps for 2013.

Mr. Cook goes to Washington

Apple Inc. (AAPL) Chief Executive Tim Cook defended the tech giant's tax practices in a lengthy Senate hearing, telling lawmakers that the company is acting fairly and also laying out targets for lowering its tax burdens. Cook defends Apple on Senate hotseat.

To taper or not to taper

Concerns over what Federal Reserve Chairman Ben Bernanke meant in his high-profile testimony to Congress sent tremors through financial markets around the world. Here's what you need to know about what he said. Bernanke for dummies: Some keys to help decipher the chairman's message.

Never fear

A 40% year-to-date drop in benchmark indexes for gold and silver mining shares isn't a good reason to hate them. That may sound like a leap of faith many investors aren't ready to take. What gold, silver mining investors should do next.

Time to rebalance?

Now that the stock market is hitting new highs, some advisers say it's the right time for retirement savers to review how their assets are allocated and whether it might make sense to rebalance their 401(k) and other portfolios given their current career stage and earnings. Stocks are for the young and the restless

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