Apple, SunPower stocks tumble

Tech stocks continued to tumble Monday, with Cupertino-based Apple, Inc. (AAPL) taking the most talked-about dip of nearly 12 points or 7 percent, but San Jose's SunPower (SPWR) actually took the biggest hit, plunging almost 19 points (near 15 percent). Santa Clara-based Nvidia (NVDA) fell almost 10 percent (more than 3 points), followed by Palo Alto's VMWare (VMW), which fell more than 8 percent (just over 7 points) .

There wasn't much good news for Bay Area stocks, but San Francisco's Gap, Inc. (GPS) gained a little over a half-point to close up by almost 3 percent. Mountain View-based Intuit (INTU) was right behind, gaining close to a point (2.89 percent) and San Francisco's Charles Schwab (SCHW) was up more than a half-point for a 2.61 percent gain.

After dropping for four sessions, the Dow Jones industrial average climbed and fell throughout Monday trading, but closed below 13,000 for the first time since early August, according to Reuters. The Nasdaq dropped almost 44 points to close at 2,584.13 and the S&P 500 dropped more than 14 points to close at 1,439.18.

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

Supes sound off against bill increasing housing density near transit hubs

Senator Wiener calls resolution opposing SB 50 ‘little more than symbolic political theater’

Eun Sun Kim named San Francisco Opera music director

Korean conductor’s skyrocketing career includes engagements across the world

Man sues Catholic archdiocese over child sexual abuse by priest in SF

Plaintiff Genaro Licea calls for release of names of abusive priests

Homeless swept from Polk Street alley despite lack of shelter beds

On one of the first rainy days of the fall season, San… Continue reading

Most Read