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September 01, 2020 10:18am
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Mixed close despite surge in home construction

Despite a surge in home construction, the markets closed mixed with the Dow rising 13 points to 18,312 as crude oil prices fell. Nasdaq lost 8 points to 5,070.

On the upside

Shares of PlasmaTech Biopharmaceuticals (Nasdaq: PTBI) continued rising.

Red Robin Gourmet Burgers (Nasdaq: RRGB) reported higher first quarter earnings that surpassed expectations by a wide margin.

AirMedia Group (Nasdaq: AMCN) widened first quarter losses as revenue fell but the stock price climbed.

On the downside

Stage Stores (NYSE: SSI) narrowed first quarter losses but revenue fell more than expected.

Atlas Resources Partners (NYSE: ARP) priced its public offering of 6.5 million common units at the discounted price of $7.97 per unit.

Profit taking weighed down shares of OraSure Technologies (Nasdaq: OSUR).
 
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 eased a point to 2127. Bitcoin edged up to $232.

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