Just how deeply is Steve Jobs intertwined with the existence and vitality of Apple? Every time concerns over the company's former-CEO have risen, Apple's stock took an appreciable tumble. Today's resignation news appears to be no different.
Stocks took a huge hit today. The Dow Jones Industrial Average lost 5.5 percent. The Dow Jones U.S. Technology Index went a little further than that, sliding 5.8. But overall, the tech sector was, well, not completely horrifying.
It's understandable that Apple stock is doing well—they've had a very, very good year. But after a huge rally this morning, their stock it at its highest price ever. See, yesterday, something magical happened.