Markets, VMware down

Palo Alto-based VMware Inc. (VMW) fell more than 5.5 percent by the close of the markets Thursday, the sharpest drop seen among local stocks tracked by the Examiner. San Mateo-based Franklin Resources Inc. (BEN) also fell, dropping more than 4.7 percent.

Advanced Micro Devices Inc. (AMD), on the other hand, finished the day up more than 3.4 percent, while Pleasanton-based Safeway Inc. (SWY) rose more than 1.7 percent.

The markets ended down, with the Dow Jones losing more than 120 points, or 0.91 percent, the Nasdaq more than 0.9 percent and the S&P 500 losing more than 1.3 percent.

Local companies in the news included Advanced Micro Devices, which could continue to delay its newest chips, according to Bloomberg News, and Intuit Inc. (INTU), which posted a quarterly loss, according to Reuters.

businessBusiness & Real Estate

Just Posted

Cabernet sauvignon grapes sat in a container after being crushed at Smith-Madrone Winery in St. Helena. (Courtesy Smith-Madrone Winery)
San Francisco’s ‘Champagne problems’ — Wine industry suffers supply chain woes

‘Everywhere you turn, things that were easy are no longer easy’

Glasses behind the bar at LUNA in the Mission District on Friday, Oct. 15, 2021. Glassware is just one of the many things restaurants have had trouble keeping in stock as supply chain problems ripple outward. (Kevin N. Hume/The Examiner)
SF restaurants face product shortages and skyrocketing costs

‘The supply chain crisis has impacted us in almost every way imaginable’

A Giants fans hangs his head in disbelief after the Dodgers won the NLDS in a controversial finish to a tight Game 5. (Chris Victorio/Special to The Examiner)
Giants dream season ends at the hands of the Dodgers, 2-1

A masterful game comes down to the bottom of the ninth, and San Francisco came up short

<strong>Workers with Urban Alchemy and the Downtown Streets Team clean at Seventh and Market streets on Oct. 12. <ins>(Kevin N. Hume/The Examiner)</ins> </strong>
<ins></ins>
Why is it so hard to keep San Francisco’s streets clean?

Some blame bureaucracy, others say it’s the residents’ fault

Speaker of the House Nancy Pelosi — seen in Washington, D.C., on Tuesday — touted Congressional Democrats’ infrastructure bill in San Francisco on Thursday. (Stefani Reynolds/The New York Times)
Pelosi touts infrastructure bill as it nears finish line

Climate change, social safety net among major priorities of Democrats’ 10-year funding measure

Most Read