Midday stock report: Apple, VMW back on the rise

Adobe Systems Inc. (ADBE) fell more than 5.5 percent in midday trading, the largest drop seen among local stocks tracked by the Examiner. Intuit Inc. (INTU) also feel more than 2.4 percent.

On the positive side, Palo Alto-based VMWare Inc. (VMW) jumped more than 11 percent, while Cupertino-based Apple Inc. (AAPL) rose more than 9 percent.

The markets were up overall, with the Dow Jones climbing more than 1.8 percent, the Nasdaq more than 2.3 percent and the S&P 500 more than 1.9 percent.

Local companies in the news included VMWare, which updated a free trial version of its virtualization software, according to Reuters. Intuit Inc. is expected to announce its results on Thursday, with analysts and the company forecasting a loss, according to Forbes.com.

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/
Previous story
College grads can count on accounting
Next story
Green light for park road closure

Just Posted

The Medical Examiner's Office van on Tuesday, April 23, 2019. (Kevin N. Hume/S.F. Examiner)
San Francisco’s 2020 overdose deaths soar 59 percent to 699

Fatal drug overdoses surged by nearly 59 percent in San Francisco last… Continue reading

Police Commissioner John Hamasaki questions Chief Bill Scott at City Hall on Wednesday, May 15, 2019. (Kevin N. Hume/S.F. Examiner)
SFPD should probe whether officers joined Capitol raid, commissioners say

Chief unaware of any members participating in insurrection

Homeless people's tents can be seen on Golden Gate Avenue in the Tenderloin on Wednesday afternoon, Dec. 16, 2020. (Photo by Ekevara Kitpowsong/S.F. Examiner)
Statewide business tax could bring new funds to combat homelessness

San Francisco could get more than $100 million a year for housing, rental assistance, shelter beds

The Museum of the African Diaspora in San Francisco (a mural by artist Jamie Treacy is pictued) has a lineup of free online programming including activities for youngsters scheduled for Martin Luther King Jr. Day on Jan. 18. (Courtesy Demetri Broxton/Museum of the African Diaspora)
Stanford, Museum of the African Diaspora host MLK Day activities

Online offerings include films, music, discussion

Speaker of the House Nancy Pelosi presides the US House of Representatives vote on the impeachment of US President Donald Trump at the US Capitol, January 13, 2021, in Washington, DC. - The Democrat-controlled US House of Representatives on January 13 opened debate on a historic second impeachment of President Donald Trump over his supporters' attack of the Capitol that left five dead. (SAUL LOEB/AFP via Getty Images/TNS)
House votes 232-197 to impeach Trump a second time

Focus shifts to Senate, where McConnell has signaled he may not stand by president

Most Read