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September 01, 2020 10:18am
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Markets advance as ECB unfreezes funds for Greece

The markets advanced during the midday with the Dow gaining 38 points to 18,088 after the European Central Bank unfroze funds for Greece. Nasdaq soared 50 points to 5,149.

On the upside

Shares of ProNAi Therapeutics (Nasdaq: DNAI) surged in its market debut.

Activist investor Carl Icahn affirmed his long position in Voltari (Nasdaq: VLTC).
 
Ollie’s Bargain Outlet (Nasdaq: OLLI) stock soared on its first trading day.
 
On the downside

Quantum (NYSE: QTM) cut its first quarter revenue guidance.

Fairchild Semiconductor (Nasdaq: FCS) fell to an unexpected loss for the second quarter as revenue slipped.

Swift Energy (NYSE: SFY) blamed poor market conditions for withdrawing its $640 million loan offering.

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 gained 13 points to 2120. Bitcoin dropped $14 to $273. 

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