Investors take a cautious approach heading into the weekend $USDJPY
- Published: 17 December 2012
- Markets ended the session on a slightly weaker note as investors were apprehensive about holding risk heading into the weekend. Along with the end of the trading week investors remain very concerned about the fiscal cliff negotiations and a lack of a resolution with the deadline nearing closure by the day
- Over the course of the week the Dow fell 0.15%, the S&P500 fell 0.32% and the technology heavy NASDAQ was down 0.70%. Wal-Mart led the losses on the Dow for the week while tech giant HP managed to rally after recent sharp losses
- Software maker Adobe Systems rallied 5.71% after it beat earnings expectations
- Conglomerate GE rallied slightly higher in the aftermarket after the company boosted its dividend by 12% and authorized a USD10.0 Billion share buyback
- Apple fell 4% after UBS cut their price target on the stock from $780 to $700 p/s
- DOW -0.27%, S&P500 -0.41% and NASDAQ -0.70%
- USD was slightly weaker on Friday night with the AUD pushing higher towards 1.06
- Gold was off slightly, down 0.1% and Crude rose slightly on better Chinese data
