Strong Job Gains Pared by Apple

Consumer confidence plunges and Washington stays deadlocked on the fiscal cliff. Together they outweighed enthusiasm on Wall Street about the better-than-expected jobs report. The Dow and S&P 500 had modest gains for the day. The Nasdaq fell 11 points. For the week the Dow gained one percent. The Nasdaq lost one percent. Employers hired more Americans than expected in November, as Superstorm Sandy failed to make a substantial impact on the jobs market.