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September 01, 2020 10:18am
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Greek Bailout Lifts Markets

The markets traded modestly higher during the midday with the Dow rising 37 points to 12,993 as investors welcomed the second bailout for Greece. Nasdaq added a fraction to 2952.

On the upside

Hecla Mining (NYSE: HL) reversed year ago losses to post a profit for the fourth quarter. 

A Seeking Alpha contributor listed Trina Solar (NYSE: TSL) as one of five Chinese solar stocks on an upswing.


Stillwater Mining (NYSE: SWC) reported higher fourth quarter earnings that surpassed analyst expectations by a wide margin.

On the downside

Food and Drug Administration staff recommended denial of approval for Chelsea Therapeutics’ (Nasdaq: CHTP) hypotension treatment Northera.   

Rising crude oil prices weighed down shares of Delta Air Lines (NYSE: DAL), United Continental (NYSE: UAL) and U. S. Airways (NYSE: LCC). 


RadioShack (NYSE: RSH) disappointed with sharply lower fourth quarter earnings that fell short of analyst expectations.

In the broad market, advancing issues outpaced decliners by a margin of  nearly 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 829.

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