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:

China devalues yuan again sending markets plunging

China devalued the yuan again sending the markets plummeting at the open. The Dow collapsed 239 points to 17,163 while Nasdaq plunged 73 points to 4,963.

On the upside

Wayfair (NYSE: W) narrowed second quarter losses more than expected as revenue rose.

Eleven Biotherapeutics (Nasdaq: EBIO) dosed its first patients in a Phase 3 study of EBI-005 to treat moderate to severe allergic conjunctivitis.

Coeur Mining (Nasdaq: CDE) will present at the Jefferies Industrial Conference this afternoon.

On the downside

Alibaba Group (NYSE: BABA) reported higher quarterly earnings but revenue fell short of expectations as growth slowed.

AT&T (NYSE: T) raised its full year outlook in the wake of its acquisition of DirecTV but investors expected further gains.

Shares of JD.com (Nasdaq: JD) extended its losses.

In the broad market, declining issues outpaced advancers by a margin of more than 5 to 2 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 plunged 24 points to 2,059. Bitcoin slipped $3 to $264.

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.