DJIA / Market Close for Wednesday, August 24, 2011

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.

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