Midday stock check: Chevron tanking

San Ramon-based Chevron Corp. (CVX) had dropped more than 2.7 percent in midday trading, the largest drop of the day among local stocks tracked by The Examiner. Recent new reports on the oil company have focused on a $5.5 million verdict reached Monday by a federal jury in San Francisco against the company in a retaliation and wrongful termination case, as well as on the extension of oil leases in Thailand.

Sunnyvale’s Yahoo Inc. (YHOO), which fell more than 5 percent Monday, showed the second largest drop among local companies Tuesday in midday trading, falling more than 1.9 percent.

Top performers so far include Santa Clara-based Nvidia Corp. (NVDA), one of yesterday’s big losers, which had climbed 5 percent as of midday, and Redwood City’s Electronic Arts (ERTS), which moved up more than 2.9 percent.

The markets gave mixed signals overall in midday trading, with the Dow Jones and S&P 500 both down by less than 0.5 percent, and the Nasdaq slightly up by around 0.19 percent.

Local companies in the news Tuesday include Yahoo, which according to Reuters is adding new features to its instant messaging service, and Santa Clara-based McAfee Inc. (MFE), which has bought the Napa-based ScanAlert for $51 million, according to the Associated Press.

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