Genentech takes a tumble

South San Francisco-based Genentech Inc. (DNA) fell more than 3.6 percent by the close of the markets Monday, the largest change seen among local stocks tracked by the Examiner.

Applied Materials Inc. (MAT) also fell more than 3.3 percent, while on the positive side, Palo Alto-based VMware Inc. (VMW) rose more than 3.9 percent and San Jose-based SunPower Corp. (SPWR) rose more than 2.4 percent.

The markets closed down overall, with the Dow Jones down 0.4 percent, the Nasdaq down 0.9 percent and the S&P 500 down 0.5 percent.

Companies in the news include Cupertino-based Apple Inc. (AAPL), which was sued by Klausner Technologies for alleged patent infringement, and Redwood City’s Electronic Arts (ERTS), which faces intensified competition with the merger of Vivendi SA and Activision to create a new game-making giant, Activision Blizzard. 

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

Ali Jamalian, whose life was disrupted in the wake of being charged with possession decades ago, now heads up Sunset Connect, a cannabis manufacturing company. (Kevin N. Hume/The Examiner)
Green Rush: Cannabis equity program elevates unexpected entrepreneurs

‘It’s a form of reparations for those of us who were ruined by cannabis arrest’

Los Angeles Dodgers short stop Gavin Lux (9) is caught stealing by San Francisco Giants second baseman Donovan Solano (7) in the first inning of the game at Oracle Park on Sunday, May 23, 2021. (Chris Victorio | Special to The Examiner).
Giants vs. Dodgers: What you need to know before this week’s huge series

By Chris Haft Special to The Examiner That grinding noise you’ll hear… Continue reading

San Francisco supervisors approved zoning changes that will allow a chain grocery store to occupy the bottom floor of the 555 Fulton St. condo building. (Kevin N. Hume/The Examiner)
Trader Joe’s approved for Hayes Valley, bringing long-awaited grocery store

New Seasons Market canceled plans at 555 Fulton St. citing construction delays

Gov. Newsom wants $4.2 billion to finish the Central Valley link for the bullet train, but legislators aren’t sold. (Illustration by Anne Wernikoff, CalMatters; iStock; CA High Speed Rail Authority; Shae Hammond for CalMatters)
Bullet train budget battle: Should California spend more on urban transit, not high-speed rail?

By Marissa Garcia CalMatters High-speed rail was supposed to connect California’s urban… Continue reading

Most Read