Nasdaq-100 ETF Falls With Apple as Jobs Resigns as CEO
August 25, 2011 at 10:56 AM EDT
A Nasdaq-100 exchange traded fund declined Thursday along with top holding Apple (NasdaqGS: AAPL) after the tech darling said Steve Jobs is stepping down as chief executive. PowerShares QQQ (NasdaqGM: QQQ) and Apple shares were off more than 1%. Apple represents nearly 15% of the portfolio, which...