Weekly Roundup: Top 10: Earnings and Fed fears lead to tough week

	Weekly Roundup AUGUST 16, 2013 Top 10: Earnings and Fed fears lead to tough week Top 10 stories for Aug. 12 - Aug. 16 So the market's convinced itself that earnings are going to get worse at the same time that the Federal Reserve reduces stimulus. And the market may be right. This was a week when Treasury yields jumped and stocks went into the opposite direction. Why? Maybe the economic data. Maybe the downbeat guidance from two corporate giants, Wal-Mart Stores and Cisco Systems. Or maybe just the fact that traders are on vacation and volume's low, leaving markets vulnerable to outsize moves. Whatever the reason, the weekly falls were pretty steep: the S&P 500 (SPX) fell 2.1%, the Dow Jones Industrial Average (DJIA) lost 2.2% and the Nasdaq Composite (COMP) declined 1.6%. Stay tuned to MarketWatch for all the news you need to plan your investments and your retirement. And maybe give the new Steve Jobs movie a miss . — Steve Goldstein Treasury yields back up The yield on the 10-year Treasury on Friday climbed to the highest level since July 2011. The 10-year yield, which spiked higher multiple times over the last five days, closed out the week up 24.5 basis points, its largest weekly rise since mid-June, when it jumped 40 basis points. Read more on Treasurys tank. Fed tapering: The math investors need to know Brett Arends examines what "normal" interest rates would do to stock valuations. Read Brett's column. The Week in Charts: Closing in on a taper Jobless claims fell to a prerecession low and inflation headed back to normal levels, while core retail sales growth disappointed. Review all the data in the Week in Charts. Wal-Mart's disappointment The world's largest retailer (WMT) reported just a 1% profit rise in its fiscal second quarter to go along with falling U.S. same-store sales and a reduced profit outlook. Wal-Mart blamed, in part, the bite of the payroll-tax hike. Wal-Mart's problems go beyond this country's borders as well. Cisco to cut jobs The network-equipment giant (CSCO) said it's responding to a "challenging" and "inconsistent" economy with 4,000 job cuts. John Shinal says bulls should feel good about the company's prospects. Analysts also stayed positive — though they didn't see the job cuts or the cautious outlook coming. Quit worrying about a 1987-style crash That's the advice of money manager and Trading Deck contributor L.A. Little — or, in quicker-to-read form, here are the charts . Another Trading Deck contributor, Michael Gayed, gives the reasons why you should worry. The violence in Egypt More than 600 were left dead by violence between supporters of ousted Mohammed Morsi and the military. Click here for streaming coverage of Egypt's unrest. Should you pay off your mortgage? Robert Powell discusses whether it's better to retire without a mortgage or have a bigger nest egg. How long is too long to live with your parents? A survey suggests moving out of the Mom-and-Dad Residence after five years. Read Amy Hoak's Home Economics BMW drivers really are jerks, studies find A couple of studies, one in the U.S. and another from the U.K., appear to provide statistical evidence that BMW drivers are, to be polite about it, complete jerks. Read: BMW drivers really are jerks. 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. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2013 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111