Yahoo, VMWare fall as market plunges 

Sunnyvale’s Yahoo Inc. (YHOO) and Palo Alto’s VMWare Inc. (VMW) showed the biggest declines Wednesday among the local stocks followed by the Examiner. Both fell by more than 7.6 percent in value by the market’s close, with Yahoo ending at $27.63, and VMWare at $102.50.

At the other end of the spectrum, the biggest gainers as of 1:30 p.m. Pacific Standard Time were Mountain View-based Verisign Inc. (VRSN), which went up by more than 1.4 percent, and Santa Clara-based Sun Microsystems Inc. (JAVA), which increased by more than 1.3 percent.

The markets were down overall, with the Dow Jones dropping more than 2.6 percent to close at 13,300.02, the Nasdaq falling 2.7 percent to 2,748.76 and the S&P 500 falling more than 2.9 percent to 1,475.62.

Local companies in the news included Cisco Systems Inc. (CSCO), which released fourth-quarter results showing an increase in profits, according to Reuters, and Santa Clara-based Agilent Technologies Inc. (A), which agreed to buy Menlo Park-based Velocity11.

About The Author

Staff Report

Staff Report

Bio:
A daily newspaper covering San Francisco, San Mateo County and serving Alameda, Marin and Santa Clara counties.
Pin It
Favorite

Speaking of Business

More by Staff Report

Latest in Business & Real Estate

Monday, Sep 24, 2018

Videos

© 2018 The San Francisco Examiner

Website powered by Foundation