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.

Just Posted

SF transit board approves car-free Market Street

San Francisco will soon kick cars off one of its busiest thoroughfares… Continue reading

Man falls to his death while partying on roof during Fleet Week

A 22-year-old man fell to his death over the weekend while partying… Continue reading

San Francisco faced with dueling behavioral health plans as city leaders spar over reform initiatives

A disagreement over how to reform San Francisco’s behavioral health care system… Continue reading

Deal reached over shutdown of long-term mental health beds

San Francisco Mayor London Breed and public health leaders have agreed to… Continue reading

10,000 e-scooters? Not so fast — SF slashes fleet sizes before launch

A plan for 4,000 e-scooters to hit San Francisco streets Tuesday has… Continue reading

Most Read