Citi Downgrades Apple

12:00 PM ET Mon, 17 Dec 2012

Citi cut its price target on Apple to $575 and now has a neutral rating on the stock, with the FMHR traders; and Citi analyst Glen Yeung explains his call on the stock, saying there is a diminished chance of a near-term rally. CNBC's Eamon Javers also reports the latest from Washington where Speaker Boehner and President Obama have wrapped up a meeting.