Tech, Health Care Stocks 'Resilient' Amid Widespread Losses During COVID-19 Pandemic
Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
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Even with the coronavirus pandemic throwing the global economy into disarray, tech stocks in the S&P 500 have been remarkably resilient. They're up 4.1% for 2020.
The Dow Jones Industrial Average fell 631.56 points, or 2.7%, to 23,018.88, and the Nasdaq was down 297.50, or 3.5%, to 8,263.23.
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal on Tuesday to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
The successful initial public offering for San Francisco-based ride-hailing service Lyft is prompting concern among city leaders over increasing wealth disparity and the IPO's effect on the city's sky-high housing prices.
Google parent company Alphabet beat Wall Street expectations for its fourth quarter earnings Monday, although its stock slid in after-hours trading.
A 54-year-old Dublin man has pleaded guilty to 10 felony charges involving insider trading using proprietary information from Pleasanton-based Ross Stores Inc. to pull in about $3.5 million.
The S&P 500 index and Nasdaq composite closed at record highs Friday, just two days after the current bull market in stocks became the longest in history.
Wall Street, captivated by remarkable growth prospects in tech, has lifted the Nasdaq by 11% this year.
Eleven minutes later, Amazon's stock had fallen into the red — and so had the Nasdaq.
Shares of the digital file storage company Dropbox soared Friday in their stock market debut.
The cloud storage company is selling 36 million shares for between $16 and $18, according to a regulatory filing released Monday.
A Dublin financial analyst was arrested and brought to federal court in Oakland on Wednesday on charges of an insider trading securities fraud that allegedly generated $8.2 million in illegal profits.
One of the biotech companies run by Martin Shkreli, the drug price-gouger charged with securities fraud last week, has been told that its stock will be delisted by Nasdaq because of Shkreli's arrest and other factors.
Nasdaq has long been known as the "tech-heavy" stock exchange, where some of Silicon Valley's best-known companies have gone to sell shares. Now, as it faces stiff competition from rival exchanges to lure the next hot IPO, it's reaching out to business startups before they go public.
The Dow Jones industrial average soared more than 600 points Wednesday, its biggest gain in seven years.
The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc.
The shares opened at $27 -- $4 higher than the price that the airline set—and then jumped as high as $29.74 within about an hour of the opening bell on the Nasdaq stock market.
U.S. stocks tumbled across indexes Wednesday as fears of a global economic slowdown intensified, with the Dow Jones industrial average in its fourth day of consecutive losses - plunging more than 400 points.
Alibaba's stock is surging as the Chinese e-commerce powerhouse's begins its first day trading as a public company.
Investors sent shares of San Mateo-based GoPro Inc. (GPRO) up more than 30 percent in their stock market debut Thursday, following an initial public offering that valued the sports camera maker at about $3 billion.
The maker of wearable sports cameras, loved by mountain climbers, divers, surfers and other extreme sports fans, is expected to sell its shares publicly for the first time and begin trading on the Nasdaq stock market Thursday.
A mysterious glitch halted trading on the Nasdaq for three hours Thursday in the latest major electronic breakdown on Wall Street, embarrassing the stock exchange that hosts the biggest names in technology, including Apple and Google.
Tesla will be joining the Nasdaq-100 Index on Monday as software maker Oracle Corp. heads to the New York Stock Exchange.
Nasdaq has agreed to pay a $10 million penalty to settle federal civil charges after regulators said its systems and decisions disrupted Facebook's public stock offering last year.
The virus has infected elephant seals in the Southern Hemisphere, triggering what researchers describe as an unprecedented wildlife die-off. Researchers are now concerned it could affect elephant seals on the California coast.
Idled oil rigs off the California coast could be back up and running soon if the federal government has its way.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
On the 311 Service Request Hotline, the city of Oakland reported more than 25,000 calls for service at illegal dumping sites in 2025. And so far this year, they received more than 150 calls.
Alameda police said a large lizard was left behind by its owners when they moved out of the home.
The virus has infected elephant seals in the Southern Hemisphere, triggering what researchers describe as an unprecedented wildlife die-off. Researchers are now concerned it could affect elephant seals on the California coast.
Idled oil rigs off the California coast could be back up and running soon if the federal government has its way.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
On the 311 Service Request Hotline, the city of Oakland reported more than 25,000 calls for service at illegal dumping sites in 2025. And so far this year, they received more than 150 calls.
Alameda police said a large lizard was left behind by its owners when they moved out of the home.
Authorities on the Peninsula have arrested a man on probation on multiple charges after he allegedly stole copper wire from Caltrain tracks over the weekend.
Cries for regime change in Iran echoed through San Francisco on Sunday afternoon as more than a thousand Iranian-Americans and supporters gathered in front of the Ferry Building to show solidarity with protesters overseas.
Just after 2:30 p.m., the fire department said a car had crashed into a pole near Winston Drive and Junipero Serra Boulevard.
According to the SFMTA, a cable issue was affecting service.
The San Francisco Grateful Dead community is coming together after it was announced that one of the founding members, Bob Weir, has died at the age of 78.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
On the 311 Service Request Hotline, the city of Oakland reported more than 25,000 calls for service at illegal dumping sites in 2025. And so far this year, they received more than 150 calls.
Alameda police said a large lizard was left behind by its owners when they moved out of the home.
Police in Oakley launched a manhunt Monday afternoon after a person shot at a deputy sheriff, authorities said.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
The two-alarm fire happened around 9 a.m. at a two-story apartment complex on the 500 block of Toyon Avenue.
The crash happened around 9 p.m. Friday on the 1700 block of Mission Street. According to police, a driver heading northbound hit a man who was crossing the street outside of a marked crosswalk.
Three teenagers were arrested in Santa Rosa after another teen was shot at a park on Friday, police said.
Authorities on California's Central Coast confirmed that a swimmer who went missing in Monterey Bay last month died from a shark attack.
Authorities in the South Bay are searching for a suspect after a woman was found fatally shot in a vehicle Wednesday night.
Just before 10:30 a.m., a man, believed to be in his 30s, was riding his bicycle on Piner Road, heading westbound, when he tried to cross the tracks that run through the roadway.
Police in Vallejo are searching for a driver who they said left the scene of a multi-vehicle crash in which a pedestrian was killed over the weekend.
Health officials in Sonoma County are urging the community to not eat and forage for wild mushrooms, following the poisoning death of a county resident.
The company is also doing fire rebuilds in Los Angeles. Currently, it is in the process of building 20 to 25 homes, including in the Palisades and Eaton wildfire zones, CEO Sasha Jokic said.
The new system is called FIRO, short for "Forecast Informed Reservoir Operations." Instead of just following mandated tables in a book, the Corps can now use long-range weather forecasts to help determine if it's safe to keep more water in the reservoir.
The U.S. Trademark Office is rejecting the A's request to trademark the "Sacramento Athletics" name.
Tomas Hertl had two goals and three assists, Jack Eichel also scored twice and the Vegas Golden Knights beat San Jose 7-2 on Sunday night, ending young Sharks star Macklin Celebrini's points streak at 13 games.
Nickeil Alexander-Walker scored 24 points, Jalen Johnson contributed 23 points, 11 rebounds and six assists and the Atlanta Hawks beat the Golden State Warriors 124-111.
The Eagles were eliminated from the playoffs in a 23-19 loss to the 49ers in the wild-card round of the NFL playoffs Sunday at Lincoln Financial Field.
San Francisco 49ers tight end George Kittle has been carted off the field with a right Achilles tendon injury.
For decades, the city of Oakland has been plagued by illegal dumping, and even as crews cleaned up one particularly problematic site, it stood as a symbol of both the hope and despair of the problem the city faces.
Authorities on the Peninsula have arrested a man on probation on multiple charges after he allegedly stole copper wire from Caltrain tracks over the weekend.
Police in Oakley launched a manhunt Monday afternoon after a person shot at a deputy sheriff, authorities said.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
Authorities in Fremont are searching for the owner of several dogs who were recently found abandoned across the city.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Nearly four years after an East Bay woman was victimized in a six-figure cryptocurrency investment scam, police said much of the money has been recovered.
Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as its new president and vice chairman.
Google is souping up Gmail with features from its Gemini 3 AI app. Here's what to know — including how to opt out.
The mayor of Silicon Valley's largest city has come out against a proposed ballot initiative that would impose a wealth tax on California's billionaires, as leaders debate the benefits of the proposal.
Kaiser Permanente has reached a lawsuit settlement over alleged patient data breaches involving Kaiser websites and mobile applications, with members eligible to receive a payment from a $46 million settlement fund, the health care giant announced.
Several East Bay hospitals that serve Alameda County's most vulnerable residents have issued layoff notices to staff, citing major federal cuts to Medicaid that administrators say will significantly affect their finances.
Health officials in Sonoma County are urging the community to not eat and forage for wild mushrooms, following the poisoning death of a county resident.
This week, the U.S. Centers for Disease Control and Prevention (CDC) issued new vaccination guidelines and now, some western states are telling people they're too dangerous to follow.
FDA-approved semaglutide drug is the first GLP-1 pill for weight loss available in the U.S., according to drugmaker Novo Nordisk.
Democratic Sen. Mark Kelly filed a lawsuit against Defense Secretary Pete Hegseth seeking to block the Pentagon's efforts to downgrade his retirement rank and pay.
Three former Fed chairs and other top economic officials decry "prosecutorial attacks" on Jerome Powell, saying it undermines the central bank.
Cries for regime change in Iran echoed through San Francisco on Sunday afternoon as more than a thousand Iranian-Americans and supporters gathered in front of the Ferry Building to show solidarity with protesters overseas.
The subpoenas threatened a criminal indictment related to Jerome Powell's testimony before the Senate Banking Committee in June 2025, according to the Fed chair.
Trump administration officials are set to meet with Danish officials about Greenland on Wednesday, diplomatic sources tell CBS News.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
A group of transgender members of the U.S. Air Force and Space Force forced to leave active duty under the Trump administration's policies say their benefits were revoked in a rare move.
California state Sen. Scott Wiener of San Francisco announced Wednesday that he is running for Nancy Pelosi's congressional seat next year.
From historic wins to powerful speeches, here are the highlights and most memorable moments from the 2026 Golden Globes.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
The San Francisco Grateful Dead community is coming together after it was announced that one of the founding members, Bob Weir, has died at the age of 78.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
A woman who was found dead in San Francisco's Fairmont Hotel on New Year's Day has been identified as Victoria Jones, daughter of actor Tommy Lee Jones, officials said.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Brian Hackney reports on avian flu possibly affecting elephant seals. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Kelsi Thorud reports on Niners fans. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Brad Hamilton reports on a smash-and-grab robbery at a San Jose mall. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Veronica Macias reports on the Bay Area's Dungeness crab season. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Sooji Nam reports on the illegal dumping problem in Oakland. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.