Investors did not punish Apple’s stock one day after its co-founder and former chief executive, Steve Jobs, died.
The stock had opened today at $373.11, down from yesterday’s closing price of $378.25.
But shares of Apple rebounded later in the day to $377.37 and the price was merely down 88 cents, or 0.23 percent, on the NASDAQ.
“The drop this morning is a shock reaction," an equity trader at a bank in Frankfurt, Germany, told Bloomberg. “In his position as a visionary I think he organized things and I think the new CEO will run things really well."
Jobs’ hand-picked successor, Tim Cook, on Tuesday introduced the next version of the iPhone, just one of many devices that Jobs helped design as part of Apple’s transformation into one of the most innovative and powerful technology companies on the planet.
