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Thursday, Sep 29, 2022
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San Diego Stocks Slide With Market Averages

Burgers and lasers. Those were the places to put your money if you wanted to invest in San Diego stocks for the very short term.

The Dow Jones Industrial Average slipped 174 points, or 1.6 percent, on Feb. 22, after oil prices climbed and the dollar’s value fell against the yen. The Standard and Poor’s 500 Index slipped 17.43 points, or 1.5 percent.

One of the few big San Diego stocks that gained ground was Cymer Inc., up 20 cents at $28.09. The company makes specialized lasers that go at the heart of chip-making machinery.

Burger-maker Jack in the Box closed unchanged at $33.55. By contrast, Illinois-based McDonald’s fell 1.1 percent to $31.95.

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Pan Pacific Retail Properties, Inc., the real estate investment trust that has its money in shopping centers in the Western states, fell 3.3 percent to $59.41.

Biotechs Invitrogen fell 1.7 percent to $68.74, while Gen Probe, Inc. fell 1.2 percent to $50.00 even.

Petco Animal Supplies, Inc. fell 1.8 percent to $35.95.

San Diego’s Fortune 500 companies saw modest losses. Shares of utility Sempra Energy fell half a percentage point to $39.28. Qualcomm Inc., the chipmaker and tech integrator, fell 10 cents or three-tenths of a percent to $34.54.

Another chipmaker, Applied Micro Circuits Corp., fell 3.3 percent to $3.50 per share.

Titan Corp., the defense contractor, fell 18 cents or 1 percent to $16.72.

Brad Graves

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