“Stocks opened in the red Monday, pulling back after surging more than 3 percent across the board during the holiday-shortened trading week, as worries over the “fiscal cliff ” and Greece took center stage once again,” JeeYeon Park reports for CNBC.
“‘Unfortunately for the last 10 days, with the House and Congress gone for the Thanksgiving recess… much progress hasn’t been made,’ said Dick Durbin, the No. 2 Senate Democrat,” Park reports. “Serious negotiations are expected to resume this week as policymakers return to Washington from the Thanksgiving holiday. Democratic and Republican lawmakers have been trying to convince the public that they are willing to compromise and can reach a deal before year end.”
Park reports, “Apple edged higher after Citigroup initiated coverage of the tech giant with a ‘buy’ rating and a $675 price target. Separately, the iPhone maker said it is adding new Samsung devices to its patent-infringement lawsuit.”
Read more in the full article here.
Citigroup initiates AAPL coverage with ‘Buy’ rating – November 26, 2012
Apple adds six Samsung products including Note II, S III mini and Galaxy Tab 2 to California lawsuit – November 24, 2012