Stocks Fall After Jobs Announces Leave

Steve Jobs shocked the tech sector by announcing his leave of absence. Now, the stock market has responded.

After Apple CEO Steve Jobs announced his leave of absence due to medical issues this week, and the Wall Street Journal announced that Apple stock fell sharply. From the report:

“Apple Inc. (AAPL) shares fell as much as 6.5% Tuesday, erasing up to $20 billion in market value, after the consumer electronics maker disclosed that Chief Executive and company visionary Steve Jobs would take another unexpected medical leave.”

Apple Shares Fall As Jobs Takes Medical Leave [WSJ]

 

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