Bay Area stocks rebound

Bay Area stocks rebounded somewhat in late afternoon trading, with 14 of the 50 companies tracked by the Examiner earning share price increases by market close, up from only two earlier in the day.

Intuitive Surgical Inc. (ISRG), SunPower Corp. (SPWR) and Gilead Sciences Inc. (GILD) saw the largest share price increases, ranging from 2.19 percent for Foster City’s Gilead to 4.30 percent for Intuitive Surgical. Gilead had released new data on a hypertension drug today, according to a news release.

San Jose’s Altera Corp. (ALTR) continued at the bottom of the The Examiner’s 50, suffering a 15.69 percent loss in share price after releasing quarterly data with revenues that did not meet Wall Street expectations. Juniper Networks Inc. (JNPR) of Sunnyvale was also down 8.40 percent.

The markets overall ended low, with the Dow down 0.01 percent, the Nasdaq down 0.88 percent and the S&P 500 down 0.24 percent.

Top-volume trading of Bay Area stocks, as usual, went to the tech giants, with Intel Corp. (INTC), Sun Microsystems Inc. (JAVA) and Cisco Systems Inc. (CSCO) in the lead.

businessBusiness & Real EstateScience and Technology

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

Cyclists have flocked to Market Street since private vehicles were largely banned from a long stretch of it in January. (Amanda Peterson/Special to the S.F. Examiner)
Plans for sidewalk-level bikeway on Market Street dropped due to costs, increased cyclist volume

Advocates say revisions to Better Market Street fail to meet safety goals of project

Anti-eviction demonstrators rally outside San Francisco Superior Court. (Kevin N. Hume/S.F. Examiner)
Report: Unpaid rent due to COVID-19 could be up to $32.7M per month

A new city report that attempts to quantify how much rent has… Continue reading

Music venues around The City have largely been unable to reopen due to ongoing pandemic health orders. (Kevin N. Hume/S.F. Examiner)
SF to cut $2.5M in fees to help 300 nightlife venues

San Francisco will cut $2.5 million in fees for hundreds of entertainment… Continue reading

Supreme Court nominee Judge Amy Coney Barrett departs the U.S. Capitol on October 21, 2020 in Washington, DC. President Donald Trump nominated Barrett to replace Justice Ruth Bader Ginsburg after Ginsburg’s death. (Photo by Stefani Reynolds/Getty Images)
GOP senators confirm Amy Coney Barrett to Supreme Court in partisan vote

By Jennifer Haberkorn Los Angeles Times The Senate on Monday confirmed Judge… Continue reading

Curator Tim Burgard looks over a section of the galleries comprising “The de Young Open,” a huge, varied collection of work by Bay Area artists. (Photo courtesy Gary Sexton/Fine Arts Museums of San Francisco)
Bay Area artists jam-pack vivid ‘de Young Open’

Huge exhibition — with works for sale — showcases diversity, supports community

Most Read