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September 01, 2020 10:18am
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Mixed close over global concerns

The markets closed mixed with the Dow slipping 5 points to 16,315 as investors weighed upbeat earnings against a slowing global economy. Nasdaq rose 13 points to 4,227.

On the upside

Quiksilver (NYSE: ZQK) named Andy Mooney to the position of chairman and Pierre Agnes as president effective November 1, 2014.

Sears Holdings (Nasdaq: SHLD) apologized that a ring with a swastika was listed for sale on its Marketplace online site. 

Intel (Nasdaq: INTC) reported higher third quarter earnings that topped analyst estimates.

On the downside

Falling crude oil prices weighed down shares of Midstates Petroleum (NYSE: MPO).

Apple (Nasdaq: AAPL) requested that a court allow the technology giant to file under seal its objections to GT Advanced’s (Nasdaq: GTAT) bankruptcy motions .

Concerns arose that Advanced Micro Devices (NYSE: AMD) may disappoint when it reports earnings later this week.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 added 2 points to 1877. Bitcoin rose $12 to $402.

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