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Apple stocks up in premarket trading

Apple’s shares rose in premarket trading today after the San Jose Mercury News reported that it does not appear that CEO Jobs will be indicted in the federal probe of stock-option backdating, reports AP. “Apple shares gained 68 cents to US$91.65 in active premarket electronic trading, from their close Friday at $90.97 on the Nasdaq Stock Market,” notes the story. “The Mercury News report said it examined a large stock-options grant to Jobs from 2001 that is the focus of the federal investigation. The review ‘shows there is scant evidence, if any, to support criminal charges against the Silicon Valley icon,’ the newspaper reported.”

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