December 10, 2012 at 15:27 PM EST
Midday Nasdaq Flat, but There's Optimism About the Fiscal Cliff
MINYANVILLE ORIGINAL The Nasdaq Composite Index (INDEXNASDAQ:.IXIC) had risen 0.11% to 2981.07 as of 3:00 p.m. EST today trading mostly flat as Apple (NASDAQ:AAPL) dragged down the tech sector despite investor optimism about a possible fiscal cliff deal.   Apple fell 0.78% to $529.07 after the Jefferies Group slashed its price target for the company’s stock by 11%. Amazon (NASDAQ:AMZN) also fell 2.08% to $247.90 after multiple analysts declared that the stock was overvalued.   Cisco (NASDAQ:CSCO) jumped 2.38% to $19.80 on higher-than-average volume as it unveiled its new brand strategy; Facebook (NASDAQ:FB) too rose 1.87% to $28.00 despite ...
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