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September 01, 2020 10:18am
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Lower close as auto sales disappoint

The markets closed lower with the Dow tumbling 85 points to 18,203 as February auto sales disappointed. Nasdaq fell 28 points to 4,979.

On the upside

Intrexon (NYSE: XON) reversed year ago losses to post a profit for the fourth quarter as revenue quadrupled.

MarketWatch listed Capnia (Nasdaq: CAPN) as one of the most profitable Nasdaq biotech companies.

DTS (Nasdaq: DTSI) reported sharply lower fourth quarter earnings but the results were better than expected.

On the downside

Primoris Services (Nasdaq: PRIM) disappointed with sharply lower fourth quarter earnings that fell far short of analyst expectations.

NorthStar Realty Finance (NYSE: NRF) priced its public offering of 60 million common shares at the discounted price of $18.65 per share.

Nomura downgraded Micron Technology (Nasdaq: MU) from a Buy rating to a Neutral rating.

In the broad market, declining issues outpaced advancers by a margin of more than 7 to 5 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 lost 9 points to 2107. Bitcoin gained $9 to $278.

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