Solid jobs data spurs little buying in the US
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The S&P 500 eked out only a slight gain on Friday as weak consumer sentiment data offset enthusiasm from a better-than-expected jobs report, while Nasdaq slipped after some investors resumed a sell-off of Apple shares. Wall Street opened higher after the US Labor Department said non-farm payrolls added 146,000 jobs in November. However, selling increased after Thomson Reuters/University of Michigan's consumer sentiment index for early December fell to its lowest level since August.
Apple shares resumed a recent slide, falling 2.9 per cent to $531.27. The stock of Apple, the largest US company by market value, is down 10 percent this week.
It has dropped 24 percent from its all-time intraday high of $705.07 reached in late September.
In Friday's session, Apple's 50-day moving average fell to $599.52 — below its 200-day moving average at $601.38 — and putting the stock on track for its worst week since May 2010.
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