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September 01, 2020 10:18am
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Mixed Markets Over China's Communique

The markets recovered early morning losses to trade mixed during the midday with the Dow slipping 11 points to 15,738 as investors analyzed China's economic reform communique. Nasdaq climbed 19 points to 3939.

On the upside

Quantum Fuel Systems Technologies Worldwide (Nasdaq: QTWW) narrowed third quarter losses as revenue rose.

Shares of Extended Stay America (NYSE: STAY) surged on its first trading day.

RealD (NYSE: RLD) widened second quarter losses as revenue slipped but the results were better than expected.


On the downside


Shares of Chegg (NYSE: CHGG) plummeted in its market debut.

Frank's International (NYSE: FI) disappointed with lower third quarter earnings prompting a downgrade.

Safe Bulkers (NYSE: SB) priced its public offering of 5 million common shares at the discounted price of $7.43 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE and by nearly 5 to 4 on Nasdaq. The broader S&P 500 added 3 points to 1771.

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