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Friday, November 1, 2013

Weekly Roundup: As stocks trade near records, debate intensifies

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MarketWatch
Weekly Roundup
NOVEMBER 01, 2013

As stocks trade near records, debate intensifies

Top 10 stories Oct. 28 - Nov. 1


Weekly Roundup
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This year provides ample evidence that a great economy isn't needed for a great stock market.

The government shutdown may not have thrown the economy into a tailspin in October, but a number of indicators show slowing momentum. And the fact remains the U.S. economy didn't really rev higher the other nine months, either.

Don't tell the stock market, though. With ample liquidity and healthy corporate profits, markets were trading near record levels, and that has some wondering if the gains are about to evaporate.

For the week, the Dow Jones Industrial Average (DJIA) rose 0.3%, the S&P 500 (SPX) edged up 0.1% while the Nasdaq Composite (COMP) fell 0.5%.

Be sure to follow MarketWatch this weekend for more investing and retirement news.

— Steve Goldstein

 See video

5 signs the market bulls are wrong

Brett Arends says here's why the bulls are wrong with the stock market on a roll.

Read: 5 signs the market bulls are wrong

3 amazing facts about the stock market

Mark Hulbert runs through the facts that the cheerleaders are noting—whose significance might not be as bullish as they have us believe.

Read Mark Hulbert's column.

Apple profits slip again despite iPhone launch

Apple Inc. reported its third consecutive quarter of earnings declines on Monday afternoon, though a pop in iPhone sales with the launch of new devices helped revenues come in higher than Wall Street had expected for the company's fourth fiscal quarter.

Read more on Apple earnings.

Facebook's teen problem comes into focus

Facebook Inc. essentially confirmed on Wednesday what many have been speculating about for months—that it is no longer the cool place for the youngest teens.

Read more on Facebook's teen problem.

GM earnings drop on charge but beat estimates

General Motors Co. reported a 6% drop in its third-quarter profit as a multimillion-dollar charge on a share repurchase and taxes masked the auto maker's financial performance and beat Wall Street analyst expectations.

Read more on GM earnings.

Markets bummed by lack of Fed hand-holding

Markets seemed blue after the Federal Reserve statement was released Wednesday with both stocks and bonds falling. And not because of what the Fed said. But by what it omitted, economists said.

Read: Markets bummed by lack of Fed hand holding.

What to do if your health insurance is canceled

President Obama got in hot water this week as his pledge that you can keep your health insurance if you like it—there's one video of him saying it 23 times— hasn't come to fruition. If you are among the millions of Americans whose current health plan fails to meet Obamacare's requirements, you may have to act quickly to avoid a lapse in coverage.

Read what to do.

Social Security's 2014 raise: a modest 1.5%

The nation's 57 million Social Security beneficiaries will get a 1.5% increase in their monthly payments in 2014.

Read Encore blog on the Social Security rise.

Goodbye, $100 oil. Hello, $3 gasoline

Crude-oil stockpiles in the U.S. are heading toward a record, pushing off a return to $100-a-barrel oil, and giving drivers a shot at $3-a-gallon gasoline.

Read Commodities Corner

See the week's scary housing and jobs data

Some of this week's data was scarier than even the mini-witches and vampires prowling neighborhoods, looking for free candy.

Read: The Week in Charts

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