Do you want to remove all your recent searches?

All recent searches will be deleted

Watch Later
Add to

Wall Street Dips on 'Fiscal Cliff' Overhang, Apple Shares Drop

6 years ago32 views



Wall Street dipped at the open on Friday (December 14) as investors digested the latest round of economic data, while concerns about a lack of progress by politicians in ongoing fiscal negotiations remained at the forefront.

Apple (AAPL.O) was down 2.8 percent at $515.11 as the company struggles to gain market share in China. The iPhone 5 was officially released in China on Friday (December 14), and Apple is fighting for market share with Samsung and other smartphone giants.

Consumer prices fell in November for the first time in six months, but a separate report showed manufacturing grew at its fastest pace in eight months in December.

The Dow Jones industrial average dropped 7.22 points, or 0.05 percent, to 13,163.50. The Standard & Poor's 500 Index dropped 3.65 points, or 0.26 percent, to 1,415.80. The Nasdaq Composite Index dropped 16.49 points, or 0.55 percent, to 2,975.67.

Report this video

Select an issue

Embed the video

Wall Street Dips on 'Fiscal Cliff' Overhang, Apple Shares Drop
<iframe frameborder="0" width="480" height="270" src="//" allowfullscreen allow="autoplay"></iframe>
Add the video to your site with the embed code above