Sign In  |  Register  |  About Burlingame  |  Contact Us

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

  • ROOMS:

Greek default fears sink stocks

Fears of a Greek default sent the markets down to a sharply lower open with the Dow plunging 127 points to 17,819. Nasdaq tumbled 41 points to 5,039.

On the upside

Sterne Agee upgraded Chesapeake Energy (NYSE: CHK) from an Underperform rating to a Buy rating and lifted its price target from $9 to $13.

Shares of Petrobras (NYSE: PBR) extended its gains.
On the downside

Shares of National Bank of Greece (NYSE: NBG) fell as Greek banks remained closed on Monday and a 60 euros daily limit on ATM cash withdrawals was implemented.

Puerto Rico’s announcement that it would be not be able to pay its debts sent shares of bond insurers Assured Guaranty (NYSE: AGO) and MBIA (NYSE: MBI) tumbling.

Profit taking weighed down shares of Seres Therapeutics (Nasdaq: MCRB).

Investors locked in profits on Penn Virginia (NYSE: PVA).
In the broad market, declining issues outpaced advancers by a margin of nearly 7 to 2 on both the NYSE and on Nasdaq. The broader S&P 500 dropped 13 points to 2087. Bitcoin rose $6 to $253.

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.