Mon, 16 Apr 2012 13:58:26 GMT
S&P 500 drops on China, consumer confidence
S&P 500 index faced its worst week in 2012 as several disappointing macro indicators including US consumer confidence and Chinese GDP growth harmed investor sentiment. US index fell 1.25% or 17.31 points and finished at 1,370.26 on Friday, posting a 2% weekly drop. Financial sector provided the heaviest downside contribution giving up overall 2.3%. Apple Inc. tumbled 2.8% on news