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September 01, 2020 10:18am
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Flat close as crude oil prices rise

The markets rebounded to close flat with the Dow holding steady at
17,402 as crude oil prices rose. Nasdaq added 7 points to 5,044.

On the upside

Recovering crude oil prices lifted shares of Comstock Resources (NYSE: CRK).

Bargain hunters lifted shares of Vipshop Holdings (NYSE: VIPS).

Credit Suisse lowered its price target on Laredo Petroleum (NYSE: LPI) from $10 to $9 but the stock price rose.

On the downside

Profit taking weighed down shares of Forward Industries (Nasdaq: FORD).

Akebia Therapeutics (Nasdaq: AKBA) widened losses for the second quarter.

Shares of SFX Entertainment (Nasdaq: SFXE) extended its losses.

In
the broad market, declining issues barely edged out advancers by a slim
margin of nearly 10 to 9 on the NYSE and by a margin of 9 to 7 on
Nasdaq. The broader S&P 500 added a point to 2,086. Bitcoin eased a
fraction to $267.

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