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Thursday, October 6, 2011

How will Apple stock prices after steve jobs death

How will Apple stock prices after steve jobs death : The consensus is that CEO Tim Cook is a winner, and Apple has an enormously talented work force. But the stock historically has been volatile. One irony: Apple had only recently lost its position as the world's most valuable company.

Steve Jobs lived long enough to see Apple (AAPL) become the most valuable company in the world. But on the day he died at the age of 56 -- exactly six weeks after resigning as CEO of the company he co-founded -- Apple was the second-most valuable company in the world.

The stock closed up 1.5% to $378.25 today and was off slightly after hours. With the close, it sported a market capitalization of $350.7 billion. Exxon Mobil (XOM), which was also up 1.5% today, closing at $73.95. Its market cap was $359.4 billion.

The death of Steve Jobs brings to an end an unforgettable era not only for American corporate history, but it also marks a watershed event in global history, given the enormous influence Jobs and his wildly innovative products imparted upon human existence.

Perhaps a more prosaic question now lies with what this means for Apple stockholders when the stock market opens for business on Thursday morning. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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