U.S stocks fall ahead of cliff – AAPL, BRK.A, DD, INX, FDO, JPM, X and CLF

The stocks of U.S. experienced a weekly fall during a month’s period. Companies dealing in consumer related goods like Priceline.com, etc. fell the most amongst all the groups in the Standard and Poor’s 500 Index as per the analysis. Apple Inc. (NASDAQ: AAPL) showed a decline of about 4.4 percent. On the other hand Berkshire Hathaway Inc. (NYSE: BRK.A) along with E I Du Pont De Nemours And Co (NYSE: DD) showed an increase of 2.1 percent. The S&P 500(INDEXSP: .INX) fell to 1,413.58 after a loss of 0.3 percent.

David Chalupnik, who is the Equity head of Nuveen Asset Management, quoted: “The market would love for a fiscal cliff deal to be announced, and then it would trend back to really the fundamentals, which are actually looking better. Despite this, President Barack Obama and John Boehner, Republican House Speaker, will continue to maintain their silence at the meeting held at the White House to discuss next year’s budget.

As per the Government’s Economic reports, a bounce has been observed especially in the retail and industrial sectors for the month of November. In contrast, the jobless claim came down. The Fed disclosed its plan to buy Treasury securities worth $45 billion in January to boost growth along with a $40 billion investment in mortgage-debt. Scott Minerd of Guggenheim Partners LLC quoted: “The fiscal cliff is creating value in equities as there is too much negativity priced in”.

Family Dollar Stores, Inc.(NYSE:FDO) another famous consumer stock came down to $65.86 due to a reduction done by JPMorgan Chase & Co. (NYSE: JPM) and Company which led to increased competition. Dollar General Corp. which reported a loss of about 6.3 percent will make careful investments in the upcoming year with sufficient ways to fight the price cuts made by rival firms. After witnessing the decline in Apple Inc. (NASDAQ: AAPL) stock Steven Milunovich, a UBS analyst, feels that the company will experience a slump in iPhone and iPad which are two bestsellers for Apple Inc. (NASDAQ: AAPL).

The stocks of Berkshire Hathaway Inc. (NYSE: BRK.A) increased to $89.15 and showed a gain of 2.1 percent. The organization promised to pay about 120 percent of book value in comparison to the previous limit of 110 percent. The largest chemical giant of U.S. DuPont expects the earnings of 2012 to come as per their forecast and is making plans for $1 billion investment. Presently the price of their stock after an advancement of 2.1 percent is $44.09. Steel giants gained 7 percent and become the biggest winners for the week. United States Steel Corporation (NYSE: X) jumped to $23.85 where as Cliffs Natural Resources Inc (NYSE:CLF), the top most iron-ore producing company stands at $33.96 with a 15 percent gain.

Shares of the Following:

Shares of Apple Inc. (NASDAQ:AAPL) is at 509.79$
Shares of Berkshire Hathaway Inc. (NYSE:BRK.A) is at 133,795.00$
Shares of E I Du Pont De Nemours And Co (NYSE:DD) is at 44.09$
Shares of S&P 500(INDEXSP:INX) is at 1,413.58$
Shares of Family Dollar Stores, Inc.(NYSE:FDO) is at 65.86$
Shares of JPMorgan Chase & Co. (NYSE:JPM) is at 42.81$
Shares of United States Steel Corporation (NYSE:X) is at 23.83$
Shares of Cliffs Natural Resources Inc(NYSE:CLF), is at 33.96$.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.