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U.S. Market Look Ahead: Apple Closes Above $500

Tuesday, 14 Feb 2012 | 6:00 AM ET

Apple's stock closed above $500 for the first time yesterday resulting in a gained $100 billion in its market cap; traders will be watching retail sales figures before the bell as a measure of consumer spending, and investors have their eyes on Europe, where headlines from Greece and the aftermath of Moody's one-notch downgrade of Italy and Portugal and two-notch cut of Spain could move the market, reports CNBC's Jackie DeAngelis.