NPR logo Apple's Stock Price Dips As Market Takes In News About Jobs' Health

Economy

Apple's Stock Price Dips As Market Takes In News About Jobs' Health

The price of a share of Apple Computer's stock is down about $13.80 at this moment — nearly 4 percent — as investors digest the news that company CEO Steve Jobs is taking another health-related leave of absence.

Update at 6:30 p.m. ET: Apple reports earnings jumped 78 percent in the holiday quarter to $6 billion on revenue of $26.7 billion. While Apple's shares dropped more than 2 percent in daytime trading, AP reports that the stock rose in after-hours trades.

Update at 1:35 p.m. ET: Coming back? The stock's down less now — about 1.66 percent at this moment. The Street says there's talk that Apple's earnings, due to be announced after the market closes today, will be better than expected.

Update at noon ET: Apple stock is still down from its Friday close — now by about 3.25 percent.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.