Markets Mixed as Investors Continue to Worry Over Lack of Fiscal Cliff Progress

Markets finished mixed on Friday after the monthly jobs report showed more jobs were added than previously expected, but more adults also stopped looking for work.  There was no fiscal cliff progress made, as the President and Speaker remained far apart on several issues, including tax increases.  Shares of Apple (AAPL) closed down 9% for the week on worries about the sustainability of high profit margins and of competitors being a larger threat to the company.  Another report released Friday by Reuters/ University of Michigan showed that consumer confidence was lower than expected, down from 82.7 in November to 74.5 in December.

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Published on Dec 6, 2012
By InvestorGuide Staff

Copyrighted 2020. Content published with author's permission.

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