Business & Tech

San Diego Companies Fare Well in Stock Market Roller Coaster of Past Week

Many local companies experienced short losses amid great instability on the market after debt ceiling negotiations in Washington and a credit rating downgrade by Standard & Poors.

Anyone holding stock in some of San Diego's larger and well-known firms weathered the economic storm of the past week fairly well, buoyed by today's 430-point gain on Wall Street.

The Dow Industrials have yo-yoed in recent days, with a loss of more than 500 points Aug. 4, followed by a mild increase Friday, a meltdown of more than 630 points Monday and today's big run-up.

Nearly all of the shares in big companies based in San Diego County have lost some value since trading opened five days ago, but investors generally did not lose their shirts.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.

Since trading began Wednesday morning:

  • Bridgepoint Education, which runs online university courses, was down 50 cents, closing today at $21.37
  • Callaway Golf Co., the golf gear maker, has fallen 33 cents to $5.89
  • Cubic Corp., the manufacturer of defense systems and automatic fare collection equipment, has lost nearly $4 to $42.07
  • Cymer Inc., which puts together chip making equipment, has dropped $4 to $40.01
  • Illumina Inc., which makes equipment for DNA sequencing, was down about $4 to $55
  • Jack in the Box closed today at $20.39, for a five-day loss of $1.01
  • Qualcomm, the cell phone chip manufacturer, dropped $3.27 over the past five days to $49.89
  • California Gas Co. lost less than $2 to close at $47.71Sempra Energy, parent of San Diego Gas & Electric and Southern

City News Service contributed to this report.

Interested in local real estate?Subscribe to Patch's new newsletter to be the first to know about open houses, new listings and more.


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here