Market close: Apple, VMWare rebound

Bay Area tech companies benefited from a rebound in technology shares, aided by news that Apple (APPL) might send its iPhone to China, according to Reuters.

As the Dow industrial index surged almost 320 points and Nasdaq gained nearly 90 points, Apple climbed more than 16 points (10.35 percent) to close at 169.97.

VMWare (VMW) also enjoyed a comeback, topping Bay Area companies tracked by the Examiner with a rise of almost 10 points (more than 12 percent) to close at 90.26.

Meanwhile, Adobe Systems Inc. (ADBE) lost 1.33 points (3.15 percent) to close at 40.86 and SunPower (SPWR) stopped its precipitous skid but did continue to fall, dropping 1.44 points (1.33 percent) to close at 108.44.

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

Uber, Lyft and DoorDash bring their battle against AB5 to November ballot

Measure would classify app-based drivers as independent contractors, offer some additional benefits

Small, impassioned crowd celebrates the Fourth of July with protest for affirmative action

Lawmakers and marchers urge voters to pass Proposition 16 in the November ballot

Union threatens legal action after Police Commission expands use-of-force policy

San Francisco’s police union is pursuing legal action after the Police Commission… Continue reading

Giants announce health guidelines for Oracle Park

The San Francisco Giants announced Friday that the organization’s maintenance team will… Continue reading

Restorative art on the inside and out

Curator Ericka Scott organizes exhibition of works by prisoners

Most Read