Weekly Roundup: Roller-coaster ride ends with markets on a high

	Weekly Roundup OCTOBER 18, 2013 To all Gmail users: To ensure that you continue to see your MarketWatch emails, please drag and drop one of our emails into your Primary tab and click "Yes" when asked if you would like to do this for future messages from MarketWatch. You can also add "MarketWatch" to your Gmail contacts list or filters. Roller-coaster ride ends with markets on a high Top 10 stories for week of Oct. 14-18 The thing about roller coasters is that they go up and down and all around, yet everyone's pretty confident they'll be in good shape once the thrill ride ends. AFP/Getty ImagesSo maybe the wait for the debt ceiling to be increased wasn't particularly fun. And a few investors decided to get off the ride, like Fidelity Investments and Citigroup, which sold from their portfolios the very shortest maturities of U.S. government debt. But in the end, the Treasury did not lose the ability to borrow and didn't have to default — as the market pretty well expected all along. In fact, politicians had so much fun, they set up a possible debt-ceiling showdown in just a few month's time. Yippee. Markets had fun: the Nasdaq Composite (COMP) jumped 3.2% to the best level in 13 years, the S&P 500 (SPX) rose 2.4% to an all-time high and the Dow Jones Industrial Average (DJIA) gained 1.1%. For the Nasdaq and S&P 500, those were the best weekly gains since July 12. Here's a look at the top stories of the week. Be sure to check MarketWatch this weekend for more investment and retirement news. — Steve Goldstein Congress votes to end shutdown, lift debt ceiling Both the U.S. Senate and the House of Representatives voted on Wednesday to reopen the government and raise the nation's borrowing limit, ending a 16-day shutdown that brought the nation close to default. Read story on the end of the shutdown. Conservatives fight their modern-day Alamo — and lose again. The fiscal fights around the corner It'll be a matter of months until Congress and the White House are back at loggerheads over the twin issues that have bedeviled political players and spooked markets Google tops $1,000 The search-engine operator's (GOOG) stock price reached four-digit territory on Friday after the firm reported better-than-forecast earnings. Google's growth overshadows pricing worries. Jeff Reeves: Google investors are missing the point IBM disappoints IBM (IBM) shares skidded to a two-year low after missing expectations on third-quarter revenue. Therese Poletti on why investors are worried about IBM's growth outlook. GE rallies General Electric (GE) shares hit their highest level since the financial crisis after the third-quarter earnings report. How GE is lighting up Wall Street Bank earnings Now that the Big Six — J.P. Morgan Chase (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC), Goldman Sachs (GS) and Morgan Stanley (MS)—have all reported results, we know a few things. Mortgage originations have dropped. Fixed-income revenue has fallen. Investment bank bonuses might not be hot. Three things you may have missed from bank earnings. Macy's strategy for Black Friday sales uncovered The retailer's entire 49-page Black Friday deals ad now has been leaked, in perhaps the earliest ever such leak for a major retailer. Read more on Macy's How now, Dow theory? Mark Hulbert looks at what the venerable Dow Theory says about the stock market. 10 things Obamacare won't tell you Here are some facts about the favorite law of the Republican Party. (By favorite, we mean, not so much.) 5 ways to avoid high retirement costs Robert Powell walks you through ways to trim costs. 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