Dark day for PG&E, stock market

San Francisco-based PG&E Corp. (PCG) showed the largest drop of the day among local stocks tracked by the Examiner, falling 5.48 percent by the market’s close. Mountain View-based Verisign Inc. (VRSN) and San Francisco-based Salesforce.com (CRM) also experienced significant drops of more than 5 percent.

Gains today were small, with top performer Maxim Integrated Products Inc. (MXIM), based in Sunnyvale, rising only 0.04 percent and Santa Clara-based Nvidia Corp. (NVDA) staying flat.

The markets dropped sharply today, with the Dow Jones falling 263.14 points, or 2.6 percent and the Nasdaq fell 2.25 percent. The S&P 500 was down 2.64 percent.

Companies in the news included Redwood City’s Electronic Arts (ERTS), which reported a second quarter loss, according to Reuters, and Google Inc. (GOOG), which reported a new deal signing Myspace on to its platform allowing outside developers to write programs for social networking sites.

businessBusiness & Real Estate

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

Two test positive at SF homeless shelter in South of Market

Two people staying at a homeless shelter in San Francisco’s South of… Continue reading

Muni to stop running nearly every route in SF — more than 70 lines

UPDATE: 11:09 p.m.: Sources within the San Francisco Municipal Transportation Agency said… Continue reading

Treasure Island hungry for food delivery options

Apps don’t serve neighborhood’s residents

Gov. Gavin Newsom said he ‘owns’ coronavirus testing lapses, announces task force

Gov. Gavin Newsom said California will significantly increase COVID-19 testing capabilities, adding… Continue reading

Most Read