Apple Shares Fall Amid CEO Steve Jobs' Medical Leave
The company is scheduled to report its latest quarterly results after the market close.
NEW YORK - Apple shares opened lower on Tuesday, a day after CEO Steve Jobs announced he would take another medical leave.
Early in the trading session, the stock traded down 6.2 percent at $327.05. The stock market was closed Monday for Martin Luther King Day.
While Jobs, who didn’t detail his health issues, will continue to be involved in key strategic decisions, COO Tim Cook will once again handle day-to-day operations at Apple.
Jobs also took a medical leave in early 2009, which also caused investor jitters.
- Prince Takes Over the 'Arsenio Hall Show,' Debuts New Funky Song
- A Train, a Trestle and 60 Seconds to Escape: How 'Midnight Rider' Victim Sarah Jones Lost Her Life
- 'Divergent' Star Shailene Woodley: The Next Jennifer Lawrence?
- 'Noah' Banned in Several Middle Eastern Countries
- Lindsay Lohan's OWN Series Gets First Official Trailer (Video)
- MOST SHARED
- MOST POPULAR