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September 01, 2020 10:18am
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Crude oil drops to two-year low, markets close mixed

The markets closed mixed with the Dow losing 24 points to 17,366 as crude oil prices dropped to a two-year low. Nasdaq rose 8 points to 4,638.

On the upside

ANI Pharmaceuticals (Nasdaq: ANIP) reported sharply higher third quarter earnings and revenue.

Shares of Vapor (Nasdaq: VPCO) continued climbing. 

FuelCell Energy (Nasdaq: FCEL) received a financial package from Connecticut’s Department of Economic and Community Development to expand its manufacturing facility.

On the downside

The Justice Department filed an antitrust suit to block National CineMedia’s (Nasdaq: NCMI) proposed $375 million acquisition of Screenvision Cinema Network.

Carmike Cinemas (Nasdaq: CKEC) issued a statement protesting the antitrust suit filed by the Justice Department to block National CineMedia’s acquisition of Screenvision.

Investors locked in profits on Neogenomics (Nasdaq: NEO).

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by more than 7 to 5 on Nasdaq. The broader S&P 500 held steady at 2017. Bitcoin edged up a fraction to $325.

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