Thursday, October 6, 2011

Apple Inc. (AAPL) stock price down october 6 2011

Apple Inc. (AAPL) stock price down october 6 2011 ; Apple Inc. (AAPL) shares fell about 1% in premarket trading Thursday following the death of Steve Jobs, the company's chairman, co-founder and visionary.

The market's reaction mirrors the modest selloff in August when Jobs stepped down as chief executive. In past years, Apple shares often reacted dramatically to news of Jobs' health and appearance; however, more recently, his health developments have had less impact on the stock because of Apple's rapidly growing business and the acceptance of Jobs' seemingly worsening condition.

Apple's shares showed some weakness following Mr. Jobs' resignation, but the muted reaction showed investors had already largely built his smaller role with Apple into their expectations, Apple shares, up 31% over the past year, recently slid 1% to $374.25. For the latest updates on the stock market, visit Stock Market Today
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