Feeds

Post-Jobs run on overpriced Apple shares fails to occur

Markets more worried what'll happen to US gov, frankly

Boost IT visibility and business value

The departure of Steve Jobs as boss of Apple was expected to result in a mass sell-off of the overpriced vendor's shares this morning, but the news has been overshadowed by larger events.

Pre-market trading saw Apple shares pushed down more than 5 per cent.

But early trading on Nasdaq saw the shares fall just less than 2 per cent in a market which dipped 0.56 per cent.

Anyone owning a substantial amount of the $346bn company is likely waiting for an expected announcement from the US Federal Reserve boss Ben Bernanke which might, or might not, signal another round of quantitative easing.

The markets have been rising all week on this rumour although some suggest that printing yet more money is not the answer to long-term problems.

Either way the markets are waiting to hear what the Fed boss has got to say – more evidence that supposedly free markets are now entirely dependent on national governments.

Once Bernanke's press conference is over, investors' attention will return to the sovereign debt crisis slowly enveloping Europe. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Gartner critical capabilities for enterprise endpoint backup
Learn why inSync received the highest overall rating from Druva and is the top choice for the mobile workforce.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.