Morning stock check: VMware up, Adobe Systems down

Most local companies are trading positively this morning, with Palo Alto-based IT solutions company VMware, Inc. (VMW) leading the way with shares up more than 7 percent. Autodesk, Inc. (ADSK), a San Rafael design software company, and Apple Inc. (AAPL) are also both up more than 6 percent per share this morning.

Of the few companies not performing well in early trading, Adobe Systems Inc. (ADBE), a software company based out of San Jose, is down around 5 percent per share, and Intuit Inc. (INTU) — a day after performing well early — is down more than 2 percent per share in early trading.

Apple leads the way in volume with more than 19 million share changing hands this morning. Intel Corp. (INTC) also is posting a high volume of more than 14 million shares.

The Dow Jones Industrial Average Index is trending up more than 100 points this morning.

In other stock news, Apple and China Mobile are discussing a China iPhone, according to The Associated Press. Genentech, Inc. (DNA) is unlikely to buy the full rights of cancer drug Rituxan, according to Reuters.

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

SF police issue first citation for violating stay at home order to abortion protester

Ronald Konopaski, 86, cited outside Planned Parenthood for allegedly failing to shelter in place

Pier 39 aquarium staff furloughed — but what about the fish?

Aquarium of the Bay raising funds from public to keep up operations during shutdown

Help the San Francisco Examiner, SF Weekly continue our mission of providing free, local news

This week, I was faced with the heartbreaking task of reducing the hours — and therefore the pay — of the very journalists who report, write, edit and photograph that news.

San Francisco police begin issuing citations for failing to shelter in place

Officers to cite businesses, people who fail to heed warnings

Ride-hail drivers left idling by coronavirus shutdown looking for a lift

Bay Area ride-hail drivers are among those who have been hit hardest… Continue reading

Most Read