Wall Street succumbs to Apple’s fall, “cliff” uncertainty
NEW YORK (Reuters) – Stocks fell on Friday as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations. For the Nasdaq, this marked the second losing week in a row. All three major U. S. stock indexes ended the week slightly lower. Apple’s stock slid 3. 8 percent to $509. 79 after UBS cut its price target on the stock to $700 from $780. The stock of the most valuable U. S. company has been hit hard in the last three months. On Friday, Apple’s stock fell after a tepid reception for the iPhone 5 in China. . . .
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