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September 01, 2020 10:18am
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Greek deal within reach, markets soar

Hope for a Greek deal to be finalized this weekend sent the markets soaring to a sharply higher close with the Dow rocketing 211 points to 17,760. Nasdaq leaped 75 points to 4,997.

On the upside

SolarEdge Technologies (Nasdaq: SEDG) announced yesterday that it formed a strategic supply relationship with Sunrun.

Micron Technology (Nasdaq: MU) hired Trevor Schulze to be the company’s first chief information officer.
 
Bloomberg reported that a numerous companies have offered to buy Nokia’s (NYSE: NOK) HERE digital mapping business.
 
On the downside

A judge ruled that Chesapeake Energy (NYSE: CHK) must pay bond holders $379.7 million.

Investors locked in profits on Seventy Seven Energy (NYSE: SSE).

Profit taking continued to weigh down shares of InVivo Therapeutics (Nasdaq: NVIV).

In the broad market, advancing issues outpaced decliners by a margin of nearly 4 to 1 on the NYSE and by 7 to 2 on Nasdaq. The broader S&P 500 soared 25 points to 2076. Bitcoin gained $11 to $281.

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