Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • ROOMS:

Higher open as unemployment rate slips

The nation’s unemployment rate slipped to 5.3% to lift the markets to a higher open with the Dow rising 38 points to 17,796. Nasdaq held steady at 5,013.

On the upside

Ebay’s (Nasdaq: EBAY) PayPal will acquire Xoom (Nasdaq: XOOM) for a premium of approximately $890 million in cash.

Applied Genetic Technologies (Nasdaq: AGTC) entered a collaboration agreement with Biogen (Nasdaq: BIIB) to develop gene-based therapies for multiple ophthalmic diseases.
Health Net (NYSE: HNT) will be acquired by Centene (NYSE: CNC) in a cash and stock deal valued at approximately $6.3 billion.

On the downside

Peabody Energy (NYSE: BTU) chief financial officer Michael Crews will depart the company at the end of July and will be replaced by Amy Schwetz.

Cliffs Natural Resources (NYSE: CLF) will release second quarter financial results before market open on Wednesday, July 29.

Shares of Comstock Resources (NYSE: CRK) extended its losses.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 rose 4 points to 2081. Bitcoin lost $4 to $254.

Data & News supplied by
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 & California Media Partners, LLC. All rights reserved.