Google, Genentech, Intuitive Surgical end dark day on high note

Only three Bay Area stocks among the 50 tracked by The Examiner managed to end Friday with share prices up at market close, with the others’ losses reflecting the more than 2.5 percent drop taken across the markets as the day ended decidedly down.

Intuitive Surgical Inc. (ISRG), Genentech Inc. (DNA) and Google Inc. (GOOG) were the three that saw a rise in share price.

Friday marked the 20-year anniversary of the 1987 “Black Monday” stock market crash, and saw the market down across the Dow, S&P 500 and Nasdaq at the close – though not nearly as bad as on that fateful day. The Dow was down 2.64 percent, or more than 366 points. The Nasdaq was down 2.65 percent, and the S&P 500 was down 2.56 percent. It was the lowest drop in two months, and followed financial reports from banks and other companies as well as concerns about credit markets, according to Bloomberg.com.

The most heavily traded Bay Area stock was Intel Corp. (INTC), with 79.98 million shares traded. The least heavily traded stock by volume of transactions was AMB Property Corp. (AMB), with some 790,000 shares traded.

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

Mayor London Breed said Tuesday that with other counties moving ahead with expanding vaccine eligibility “we want San Franciscans to have the same opportunity.” (Kevin N. Hume/S.F. Examiner)
Everyone in SF ages 16 and up is now eligible for the COVID-19 vaccine

San Francisco expanded eligibility for the COVID-19 vaccine Tuesday to everyone ages… Continue reading

San Francisco Park Rangers have seen their budget and staffing levels increase significantly since 2014. (Kevin N. Hume/S.F. Examiner)
Citations for being in SF’s public parks after midnight soar

Data shows disproportionate impact on Black residents

Parents and students line up socially distanced before the first day of in-person learning at Bret Harte Elementary School on Monday, April 12, 2021. (Kevin N. Hume/S.F. Examiner)
‘It’s a beautiful sight’: The first students return to the classroom

San Francisco’s youngest public school students stepped into classrooms for in-person learning… Continue reading

File
Latest Breed nominee for Police Commission moves forward

Immigration attorney Jim Byrne clears Board of Supervisors committee

A rally at Golden Gate Park on Sunday April 11 drew a large crowd in support of calls to keep JFK Drive closed to traffic. (Emily Huston/Special to the S.F. Examiner)
Hundreds rally for “JFK Thrive,” not JFK Drive

By Emily Huston More than two hundred gathered on a warm Sunday… Continue reading

Most Read