Jobs ' resignation has left the S & P 500 index at $52 billion

Source: Internet
Author: User
Keywords Jobs the
Sina Financial news Beijing time, August 25 night, futures trading shows that Steve Jobs's decision to resign from Apple (AAPL) CEO, the S & P 500 index has evaporated the market value of up to 52 billion U.S. dollars. The S & P 500 fell 0.6% per cent in September futures contracts after jobs issued a resignation statement in Wednesday 18:34 (Beijing time Thursday 6:34). According to data compiled by Bloomberg, the US stock market closed at the end of the eastern Time Wednesday 16:00 (Beijing time Thursday 4:00), and the S & P 500 index had a total market value of $9.34 trillion. Apple's shares fell 5.1% per cent, affected by the resignation of Mr. Jobs.  The September futures contract for the S & P 500 rose 0.2% to 1174.4 in London time today 11:53 (18:53). The San Francisco Chronicle reported on July 28, 1997 that jobs would be named Apple's transition CEO, and that Apple's share price has risen by 9,020% per cent since the next day. Over the same period, Apple's market capitalisation rose from $2.08 billion trillion to $348.7 billion. Earlier this month, Apple's market capitalisation briefly overtook Exxon Mobil (XOM) as the world's most valuable company.  Apple's chief operating officer replaced Mr. Jobs's CEO, who Gairen chairman. As of the eastern time of Wednesday 19:59 (Beijing time Thursday 7:59), Apple's share price fell 5.1% to $357.10 in trading. According to data compiled by Bloomberg, this means Apple's market capitalisation has evaporated 17.7 billion of billions of dollars.  Apple's shares fell 4.1% per cent to the equivalent of $360.59 in the latest trading in the Frankfurt market today. "Apple's wealth has a very close relationship with jobs, and when he does, Apple will outperform the market," said Matt McCormick, Bahl & Gaynor Money fund manager at Cincinnati Investment Corp. Apple's share price will fall until Mr Cook can reassure investors and show his worth. This is not the end of Apple, but it is the end of a chapter. "Under Jobs ' leadership, Apple's share value has risen sharply as the company unveiled revolutionized computers, mobile phones and digital music devices, and his attention to detail and emphasis on easy-to-use products helped Apple fend off competition from rivals such as Google (GOOG) and IBM (IBM). Apple's share price was not damaged in the past when Jobs asked for sick leave. Apple's shares rose 26% per cent during Jobs ' absence from August 2004 to October, according to data compiled by Bloomberg, while the S & P 500 index rose by only 0.6% per cent, while jobs went on leave from January 2009 to June when Apple's shares rose 66% and the S & P 500 index rose 10%. (Jinliang/compiling) This article for the translator authorized Sina Finance exclusive use, any mediaThe body shall not be reproduced without authorization. If you need authorization, you must contact the translator by Sina Finance and receive written approval. If reproduced in this article, the Translator reserves the right to prosecute, until the legal responsibility of the person who reprinted.
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