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September 01, 2020 10:18am
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Higher Close As Home Prices Rise

A gain in April home prices lifted the markets to a modestly higher close with the Dow adding 32 points to 12,534. Nasdaq climbed 17 points to 2854.

On the upside

Lexicon Pharmaceuticals (Nasdaq: LXRX) reported positive results from a midstage clinical trial of its diabetes treatment LX4211.

Delta Air Lines (NYSE: DAL) expects passenger revenue per available seat mile to increase in the second quarter.

Sonic Automotive (NYSE: SAH) priced its private offering of $200 million in senior subordinated notes.

On the downside

GTM Research said that there will be an oversupply of solar panels for the next three years, which weighed down shares of Trina Solar (NYSE: TSL).


Shares of ATP Oil & Gas (Nasdaq: ATPG) continued falling after a Seeking Alpha contributor recommended last week that investors sell ATP stock.


LDK Solar (NYSE: LDK) fell to a larger than expected loss for the first quarter and forecast current quarter revenue well below analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks added 3 points to 765.

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