After the close…
We have AAPL – Apple Inc. down -5% as Steve Jobs resigns as CEO and Tim Cook takes over.
The Dow closed up +143.95 (+1.29%) at 11320.71.
Stocks had an afternoon rally, gold plunged $104 and government bond yields rose.
An encouraging rise in orders for cars, aircraft and other long-lasting goods in July helped ease worries that the U.S. was headed for another recession. Durable goods orders rose 4 percent, the biggest increase since March. Orders fell in June.
PSVIX tacked on another +1.02% to close at 28.64.