- Stock markets don’t have hearts. They’re giant money machines that react to news in callous, cold ways that don’t appreciate the nuances of a person’s achievements. Which is why, when someone like Steve Jobs takes a medical leave of absence – which isn’t the big Apple announcement everyone had been expecting (wait a second, this isn’t shaped like an iPad 2!) – stocks go haywire. Fortunately, they timed the news on MLK day, so the New York stock market gets a bit of a breather. But other markets are still open today, and the futures market isn’t liking the news either. Some quick numbers for you kids:
- 7.5% Apple’s stock dip on the German stock market today after Jobs’ announcement
- 0.9%stock futures dip on the NASDAQ – THE ENTIRE THING – this morning after the announcement
- 0.3% stock futures dip on the S&P 500 – ALSO THE ENTIRE THING – after he dropped the bomb source
Posted by Ernie Smith •
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