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

Ruth Bader Ginsburg, liberal giant of the Supreme Court, dies

Justice Ruth Bader Ginsburg, who championed women’s rights — first as a… Continue reading

Four officers found to have committed misconduct escape discipline

Four officers who should have been punished for misconduct escaped discipline because… Continue reading

Breed says limited indoor dining to resume if COVID-19 data improves

Restaurants could open for limited indoor dining as early as the end… Continue reading

Giants clinging to playoff spot as they prepare to face off with A’s

The stakes couldn’t be much higher this weekend when the Giants make… Continue reading

Two new contractors charged with bribery in Nuru scandal

Two construction executives are facing federal bribery charges for allegedly giving former… Continue reading

Most Read