Morning Stock Watch: VMWare up, Safeway down

The Dow Jones Industrial Average is trending up more than 74 points this morning. Palo Alto-based VMWare, Inc. (VMW) is up more than six points in early trading while Franklin Resources, Inc. (BEN) is up more than four points.

Safeway, Inc. (SWY), the grocery store giant, is trading down more than a point this morning. SanDisk Corp. (SNDK) is also down nearly two points.

Intel Corp. (INTC) and Sun Microsystems, Inc. (JAVA) are experiencing heavy trading this morning with nearly 22 million shares of Intel changing hands and 19.6 million Sun shares traded.

In other business news, Safeway is reporting its profits are up 12 percent, according to MarketWatch. An analysts downgraded shares of Intel expecting a weak fourth-quarter demand in the computer market, according to the Associated Press.

Get the latest market news and current stock quotes on Examiner.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/

Just Posted

Folks wave from the side of a Muni cable car as it heads down Powell Street after cable car service returns from a 16-month COVID absence on Monday, Aug. 2, 2021. (Kevin N. Hume/The Examiner)
San Francisco’s cable cars return after 16-month absence

San Francisco’s cable cars are back, and they’re free for passengers to… Continue reading

Blue California often is the target of criticism by conservative media, but now is receiving critical attention from liberal writers. Pictured: The State Capitol. (Photo by Anne Wernikoff for CalMatters)
Why is California now being criticized from the left?

California being what it is – a very large state with a… Continue reading

Tiffany Carter, owner of Boug Cali West Coast Creole Shack in San Francisco’s La Cocina Marketplace, was dismayed by gentrification she found when she returned to her hometown to start a business. (Kevin N. Hume/The Examiner)
SF Black Wallstreet: Helping residents build wealth, reclaim spaces they’ve had to leave

Tiffany Carter moved back to her hometown of San Francisco five years… Continue reading

Steven Buss, left, and Sachin Agarwal co-founded Grow SF, which plans to produce election voter guides offering a moderate agenda. (Kevin N. Hume/The Examiner)
Grow SF: New tech group aims to promote moderate ideals to political newcomers

Sachin Agarwal has lived in San Francisco for 15 years. But the… Continue reading

Most Read