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

‘Mad Mob’ aims to influence SF City Hall on mental health policies

They are fed up with City Hall telling those who need the services what’s best for them

Police efforts to stem 49ers revelry in Mission District spark backlash

SFPD preparing for potential bonfires, vandalism on Super Bowl Sunday

Calendar of Events: San Francisco celebrates the Year of the Rat

JAN. 25 Choy Sun Doe Day: The San Francisco Chinese Chamber of… Continue reading

BART study: Ending paper tickets would ‘disproportionately’ impact low-income riders, people of color

When BART eventually eliminates its magnetic-stripe paper tickets from use, it will… Continue reading

Second case of respiratory coronavirus confirmed in U.S.

The woman, who is in her 60s, remained hospitalized Friday and her condition had been stabilized

Most Read