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September 01, 2020 10:18am
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Flat close as ECB mulls rates

The markets closed flat with the Dow rising 15 points to 17,122 as the European Central Bank appeared less likely to lower interest rates. Nasdaq eased a point to 4569.

On the upside 

Shares of Amicus Therapeutics (Nasdaq: FOLD) continued soaring after reporting successful late stage trial results last week.

Mobileye (NYSE: MBLY) stock extended its gains from yesterday.

Michaels (Nasdaq: MIK) fell to a loss for the second quarter but the results were better than expected.

On the downside 

Investors locked in profits on China Finance Online (Nasdaq: JRJC).

Vapor (Nasdaq: VPCO) ended its asset purchase agreement with International Vapor Group.

Janney Capital Markets downgraded Facebook (Nasdaq: FB) from a Buy rating to a Neutral rating. 

In the broad market, advancing issues outpaced decliners by a margin of more than 9 to 7 on the NYSE while decliners edged out advancers by 9 to 7 on Nasdaq. The broader S&P 500 held steady at 2000. Bitcoin rose $5 to $513.

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