Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Mixed Open As GDP Revised Downward

The opened mixed with the Dow slipping 2 points to 11,545 while Nasdaq added 4 points to 2527 after the nation's third quarter economic growth was revised downward to a 2.0% annual pace from 2.5%.

On the upside

Focus Media (Nasdaq: FMCN) denied allegations by Muddy Waters that the company overstated the number of LCD screens in its LCD display advertising network.


Brocade Communications Systems (Nasdaq: BRCD) slipped to a loss for the fourth quarter but the results surpassed analyst expectations.

Second quarter earnings climbed for Medtronic (NYSE: MDT) to top analyst estimates as revenue rose.

On the downside


Frontline (NYSE: FRO) swung to a third quarter loss and said that it may need to restructure its debt to avoid default.


Capstone Turbine (Nasdaq: CPST) entered into warrant exercise agreements with various holders.

Fusion-io (NYSE: FIO) priced its follow-on offering of approximately 8.8 million common shares at the discounted price of $33 per share.

In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE while advancers barely edged out decliners by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a fraction to 702.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.