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.
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.