Weekly Roundup: MarketWatch's top 10 stories, June 17 -- 21

	Weekly Roundup JUNE 21, 2013 MarketWatch's top 10 stories, June 17 — 21 By MarketWatch SAN FRANCISCO (MarketWatch) — U.S. stock markets fell for the week, battered by a sense among investors that the recent rally is overdone and by confusing comments from Federal Reserve Chairman Ben Bernanke about when the central bank might reduce the stimulus it is providing the economy. On Friday, most equities rose, recording moderate gains after two days of significant losses. The declines on Wednesday and Thursday came after Bernanke appeared to suggest the Fed might cut back on its stimulus later this year. But some observers on Friday said the market's reaction was hasty and simple-minded and that Bernanke had actually gone out of his way to ensure investors that no sudden change in the Fed's policy was likely soon, or even in the mid term. Go figure. The Dow Jones Industrial Average (DJIA) rose 41.08 points or 0.3% on Friday to close at 14,799.40. For the week, the blue chip index dropped 1.8%. The Nasdaq Composite Index (COMP) lost ground on Friday, dropping 7.39 points or 0.2% to close at 3,357.25. For the week the technology heavy index lost 1.9%. The broader, benchmark Standard & Poor's 500 Index (SPX) rose 4.24 points or 0.3% on Friday to close at 1,592.43. For the week, the index fell 2.1%. Stay tuned to MarketWatch over the weekend, where we'll have all the news you need to stay in touch with your finances and the rest of your life. — Christopher Noble , assistant managing editor. Taper tantrum Bernanke said the central bank may start to scale back its monetary stimulus of the economy later this year if the economy continues to strengthen, as the central bank expects. Fed tapering could begin later this year. Not just printing money Bernanke once again took center stage as investors waited for any sign of "tapering" from the central bank. The central bank was dovish in tone, however, and assured investors it would keep its bond buying program in force despite an improved outlook. 5 uncomfortable truths about QE. Who's next? President Barack Obama gave the clearest indication yet that Bernanke won't serve again after his term ends in January. In an interview, Obama said Bernanke had already served longer than he wanted, which at least one informed observer called tantamount to a firing. 7 candidates to succeed Bernanke at Fed. Slump A Treasury market slump that began when the Federal Reserve said its bond purchases may be scaled back later this year took the 10-year yield to a 22-month high. Bill Gross: Markets are reading Bernanke all wrong. Not your average air show On the surface, it's just another trade show. But the size, scope, money and even national prestige tied up in the Paris Air Show put it in a class of its own. Five hot planes at the Paris Air Show. Party on? Since 2008, when bailouts, guarantees and other support programs injected the financial system with taxpayer-funded lubricant, the banks mostly have had it easy. But there were trade-offs. One of them was that the banks traded some essential loan revenue for survival. It was a good deal until recently. Is the party over for banks? Not cool Facebook Inc. seems to be trying to get its cool back. The social network (FB) has ramped up its products in recent months, from mimicking Twitter's hashtags and struggling for relevance in mobile with Facebook Home to its launch of video sharing on Instagram. But are they too late? Are you on Facebook more than your kids? Money moves Mistakes are part of life. Some are easier to recover from than others. When it comes to money — and time — the closer you are to retirement the less time you have to recover from bad money moves. Don't take any chances, advises Dana Anspach. 10 worst money moves for near retirees. Wild side Bitcoin, the digital currency that has enthused gold bugs and tech geeks, emerged as the Wild West of financial markets earlier this year. But Bitcoin prices appear to have been tamed of late, making moves in line with stocks, bonds and other currencies. Bitcoin prices lose a bit of their wild side. Inside tip After a turbulent week, investors could be forgiven for believing the stock market's prospects are bleak. But companies' officers and directors are buying shares, suggesting they believe their stocks are undervalued. Some researchers believe this has positive implications for the overall market as well. Insiders are buying — and that's good news. Get the latest news on our mobile site: http://www.marketwatch.com/m 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. 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