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September 01, 2020 10:18am
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Markets soar on impressive jobs data

Strong job creation data sent the markets soaring to a sharply higher close with the Dow soaring 107 points to 17,792. Nasdaq leaped 44 points to 4,914.

On the upside

Rentech (Nasdaq: RTK) retired approximately $142 million of senior obligations, improved its liquidity and reduced future interest expenses.

Talen Energy (NYSE: TLN) completed the sale of the Holtwood and Lake Wallenpaupack hydroelectric plants.

Radius Health (Nasdaq: RDUS) reported positive results from pre-specified subgroup analyses from its Phase 3 ACTIVE trial for abaloparatide-SC injection.

On the downside

Profit taking weighed down shares of Archrock (NYSE: AROC).

Retreating crude oil prices weighed down shares of Denbury Resources (NYSE: DNR) and EP Energy (NYSE: EPE).

Shares of Great Basin Scientific (Nasdaq: GBSN) dropped after completing a 1-for-35 reverse stock split on Wednesday.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers edged out decliners by more than 9 to 7 on Nasdaq. The broader S&P 500 climbed 13 points to 2,072. Bitcoin eased a fraction to $414.

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