One day after Apple CEO Tim Cook revealed he was gay, any fear — no matter how remote — that investors would punish the stock disappeared.
Apple shares closed Friday at an all-time high, rising 1 percent to $108.
Cook on Thursday became the most powerful business leader to reveal he is gay when he opened up about his sexuality in an essay in Bloomberg Businessweek.
"While I have never denied my sexuality, I haven't publicly acknowledged it either, until now," Cook, 53, said in the essay. "So let me be clear: I'm proud to be gay, and I consider being gay among the greatest gifts God has given me."
Cook, who took over the CEO role from Steve Jobs in 2011, is the first Fortune 500 company CEO to openly proclaim he is gay.
Apple shares, fueled by solid sales of the iPhone 6 and 6 Plus — and from Cook-initiated stock buybacks — have soared 35 percent this year.
Cook has also felt pressure from activist shareholder Carl Icahn to return some of Apple's cash to its investors.
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