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September 01, 2020 10:18am
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Global concerns temper enthusiasm for earnings

The markets closed mixed with the Dow falling 26 points to 17,086 as concerns about global tensions tempered enthusiasm for corporate earnings. Nasdaq gained 17 points to 4,473.

On the upside 

Second quarter earnings fell for Zix (Nasdaq: ZIXI) but the results were better than expected.

PowerSecure (NYSE: POWR) landed new distributed generation business contracts worth approximately $140 million.

Puma Biotechnology’s (NYSE: PBYI) upbeat test results lifted shares of Oncothyreon (Nasdaq: ONTY) and Array BioPharma (Nasdaq: ARRY).

On the downside 

Profit taking continued to sink shares of Kandi Technologies (Nasdaq: KNDI).

Integrated Device Technology (Nasdaq: IDTI) introduced its new industry first 1.5 Volt PCI Express buffer family but the stock price dropped. 

MeetMe (Nasdaq: MEET) priced its public offering of 5 million common shares at the discounted price of $2 per share.

In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 5 on the NYSE while decliners barely edged out advancers by a slim margin of nearly 10 to 9 on Nasdaq. The broader S&P 500 rose 3 points to close at a record 1987. Bitcoin slipped a point to $617.

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