Yesterday morning CNN's iReport website announced that Steve Jobs was admitted to the hospital due to chest pain. This was according to a "citizen journalist". When asked about the ordeal, Apple flat-out denied the rumor was true. So, the short answer to if he is in the hospital is, no.
Apple stock fell 5.4% after the announcement on iReport from user, "johntw". They claimed that Mr. Jobs had a "major heart attack", which was the cause for the hospital stay.
Later in the day shares of Apple stock went back up, by $3.53 to $103.63.
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