Morning stock check: PG&E up, VMware down

Stocks of PG&E Corporation (PCG) were up in early trading Thursday morning by more than eight tenths of a percent. Not far behind were local gadget giant Apple Inc. (AAPL), up roughly three quarters of a percent, and KLA-Tencor Corporation (KLAC) also up nearly a third of a percent.

On the other hand, VMware, Inc. (VMW) was down more than 2.6 percent in early trading, with Autodesk, Inc. (ADSK) and SunPower Corporation (SPWR) also down more than a percent each.

The usual band of heavy-hitters were trading at the highest volume Thursday morning, with 4.65 million shares of Cisco Systems, Inc. (CSCO) trading hands. Apple Inc. and Intel Corporation (INTC) were not far behind, trading 4.62 million and 3.54 million shares, respectively.

Overall, the Dow Jones Industrial Average had been, for the most part, trending downward since the start of business Thursday morning. Though it was down approximately half a percent, it was trending upward again as the morning progressed.

In other stock news, PG&E Corporation announced Thursday it would acquire more than a quarter stake in natural gas provider El Paso Corp. in a $2 billion natural gas pipeline project. Also, a stock analyst has lowered revenue estimates for Yahoo Inc. (YHOO) on a pending deal with AT&T Inc. (ATT), in which the Internet giant would become the default search engine for AT&T wireless users.

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/

Just Posted

Lawmaker introduces legislation to kick off creation of Bay Bridge bus lane

Assemblymember Rob Bonta’ s placeholder bill would create ‘sustainable, efficient’ public transit

Student walkout at Aptos highlights concerns about bullying

More than 100 students walked out of Aptos Middle School Friday morning… Continue reading

Thousands of orchids on display at Golden Gate Park

Nearly 30,000 orchids filled the County Fair building at Golden Gate Park… Continue reading

SFUSD educators hit with layoff warning

Superintendent says district faces budget shortfall, depleted reserves

SF to provide $350K to help struggling nonprofit care for youth in crisis

City stopped sending clients to Edgewood Center after sexual abuse allegations emerged

Most Read