Midday stock check: SunPower falling sharply

San Jose-based SunPower Corp. (SPWR) has fallen more than 11.5 percent in midday trading, the largest drop seen Monday among local stocks tracked by the Examiner. Nvidia Corp. (NVDA) also declined, falling about 6.5 percent as of 2:30 p.m. Eastern Standard Time.

On the positive side, San Francisco-based Charles Schwab Corp. (SCHW) rose more than 5.2 percent while Intuit Inc. (INTU) rose more than 4.7 percent.

The markets are giving a mixed performance Monday, with the Dow Jones and S&P 500 up while the Nasdaq is slightly down. The Dow was up more than 0.5 percent, the Nasdaq down by more than 0.4 percent and the S&P 500 up by more than 0.2 percent.

Local companies in the news at this hour include Intel Corp. (INTC), which announced the release of a new silicon-free chip, and Chevron Energy Solutions, a unit of San Ramon-based Chevron Corp. (CVX), which announced that it hasjoined the Clinton Climate Initiative.

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

Star of 49ers win, Mostert consoled injured teammate: “We’re brothers”

Raheem Mostert, who broke his arm against the Oakland Raiders in 2018, was able to empathize with some of the pain that Coleman was experiencing

The Niners faithful recall a different time as they celebrate their team’s victory

Minutes from Candlestick Park, the ancestral home of the 49ers, several of… Continue reading

The Niners are going to the Super Bowl

With a 37-20 win over the visiting Green Bay Packers, the 49ers punched their tickets to Miami, FL

‘Tough love’ continues to be an excuse for criminalizing homelessness

Mayor Breed needs to acknowledge the suffering caused by city sweeps

SF Lives: Divorcing San Francisco

‘This is a town that thrived on being eclectic. I don’t think we can recover’

Most Read