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September 01, 2020 10:18am
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Mixed close over earnings

It was a mixed close for the markets with Dow rising 59 points to 18,036 over earnings news. Nasdaq lost 10 points to 4,977.

On the upside

Solazyme (Nasdaq: SZYM) entered a strategic agreement with Flotek Industries (NYSE: FTK) to jointly commercialize and market the environmentally conscious drilling fluid additive Flocapso.

Shares of Voltari (Nasdaq: VLTC) continued climbing.

The Wall Street Journal reported that Avon Products (NYSE: AVP) was exploring a possible sale of its North America business.

On the downside

MiMedx (Nasdaq: MDXG) reported preliminary first quarter that was in-line with previous guidance but the company warned that difficult weather challenges negatively impacted revenue.

Zynga (Nasdaq: ZNGA) rival Social Gaming Network indicated to FOXBusiness.com that it was preparing for an initial public offering.

Investors locked in profits on Noah Holdings (NYSE: NOAH).
 
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The broader S&P 500 added 3 points to 2095. Bitcoin lost $6 to $214.

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