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Pre-Market Report: Goldman Hikes Apple Target to $700

Tuesday, 20 Mar 2012 | 6:00 AM ET

Stocks move modestly on Apple's decision to return dividends to investors; the Nasdaq and the S&P's gains were enough to propel each to new 52-week highs; the New York Fed President says there is no decision yet on further quantitative easing, and news of Apple's announcement to return cash to shareholders and buyback stocks drove the stock higher, reports CNBC's Jackie DeAngelis.