Market close: SanDisk down 2.83

At market close, Santa Clara flash-drive firm SanDisk Corp. (SNDK), saw its stock drop 2.83 points, or 5.49 percent, in trading today. This morning, an Oppenheimer analyst downgraded the company’s rating because of concerns about increased competition, according to the Associated Press.

Santa Clara’s Sun Microsystems Inc. (JAVA) continued to lead in the volume of shares traded among the 50 Bay Area companies tracked by the Examiner, with 105.57 million shares traded by market close. The stock price closed at 6.17, an increase of 2.83 percent.

San Francisco’s UnionBanCal Corp. (UB) saw the lowest volume of stocks traded among the Examiner 50, with fewer than 550,000 shares traded. UnionBanCal shares were trading at $58.92 at market close, down .66 percent.

Nationally, the Dow and the S&P 500 finished down after reaching an intra-day high in mid afternoon trading. The Dow ended down 63.57 points and the S&P 500 down 8.06 points. The Nasdaq ended down 39.41 points.

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