Tech
Apple stock up a third as Wall Street applauds
Analysts and stock investors gave Steve Jobs' vision of the new Apple a warm welcome yesterday, sending shares up by a third to close at 26-5/16, just a point down on its 52-week high.
Investors buying at the 52-week low would have doubled their money as Wall Street digested Apple's powerful new board and statement of commitment by Microsoft.
Although, a analysts cautioned that a correction is likely once the euphoria fades, the announcement of chairman and CEO appointments could propel the stock further north.