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September 01, 2020 10:18am
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Higher close as investors embrace Apple

The markets closed higher with the Dow gaining 54 points to 17,068 as investors embraced the larger screens of the new iPhone 6 and iPhone 6 Plus. Nasdaq climbed 34 points to 4,586.

On the upside

Synthesis Energy Systems (Nasdaq: SYMX) narrowed losses for the fourth quarter as revenue surged.

Second quarter earning rose more than expected for Lands’ End (Nasdaq: LE) on higher revenue.

Zacks Equity Research noted that Endocyte (Nasdaq: ECYT) was a stock worth watching.

On the downside

RXi Pharmaceuticals (Nasdaq: RXII) extended its losses.

Investors continued to lock in profits on RADA Electronic Industries (Nasdaq: RADA).

Profit taking weighed down shares of Image Sensing Systems (Nasdaq: ISNS).

In the broad market, advancing issues outpaced decliners by a margin of more than 10 to 9 on the NYSE and by 3 to 2 on Nasdaq. The broader S&P 500 rose 7 points to 1995. Bitcoin gained $8 to $479.

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