| January 28, 2013
theGrio and CNBC Market Update: 1/28/13
Investors had plenty of data to digest last week. Tech giant, Apple, saw its stock tumble after reporting lighter revenue due to slowing IPhone sales. New claims for jobless benefits dropped to a five year low, as claims fell to 330,000. Existing home sales dipped slightly in December, but rose 9 percent in 2012, its strongest performance in five years. In the week ahead, investors expect several economic reports.