updated 02:55 pm EDT, Tue May 31, 2011
Financial outlets cite Jobs' health, not iCloud
Apple stock is doing unusually well in the aftermath of this morning's WWDC keynote announcement. As of 2:53PM Eastern time shares are up $7.75, putting their price at $345.16. The company rarely sees such large gains in a single day, and in recent months Apple's stock price has remained relatively consistent, usually between $335 and $345.
Financial publications such as Fortune and Barron's are attributing the rise not to iCloud or iOS 5, but rather the plan for Apple CEO Steve Jobs to speak at the keynote. The executive is still on a third medical leave, and worries about the possibility of his death or retirement have sometimes caused wild fluctuations in Apple stock. Unlike the last leave Apple has refused to give details on Jobs' condition, and if or when he might return to full-time work.