Stocks Continue to Drop After Obama Rejects GOP Offer, Pandora Disappoints (P)

The US markets saw little change on Tuesday but ended in the red as most continue to wait for news from the White House on the fiscal cliff and budget changes. President Obama publically rejected the most recent GOP offer and said the rates on the top 2% will have to go up. Netflix (NFLX) gained after announcing that it will be acquiring content from Disney (DIS), while Pandora (P) and Apple (AAPL) both dropped.
It was reported that manufacturing in China grew the most in seven months in November, sending crude oil to its highest level in two weeks.

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Published on Dec 4, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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