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Posted at 11:07 AM ET, 01/18/2011

Apple stock opens 5 percent down in U.S.

By Hayley Tsukayama

Following news that Apple's chief executive Steve Jobs will be out on indefinite medical leave, Apple stock opened 5 percent down.

That's a far less panicked reaction than in German markets yesterday, where Apple stock fell 9.7 percent before closing at 6.1 percent below opening by the end of the day.

Apple's stock will be one to watch today, as the company will hold its earnings call at 5 p.m. EST. The company is expected to report strong sales coming off the 2010 holiday season.

For those interested (and with Quicktime installed), the call will be Webcast here.

By Hayley Tsukayama  | January 18, 2011; 11:07 AM ET
Categories:  Apple  
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