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September 01, 2020 10:18am
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Mixed Markets As Retail Sales Disappoint

The markets traded mixed during the midday with the Dow rising 21 points to 16,717 as retail sales disappointed. Nasdaq slipped 7 points to 4,135.

On the upside 

Shares of Plug Power (Nasdaq: PLUG) rose ahead of its earnings release tomorrow.

Coca-Cola (NYSE: KO) will raise its stake in Keurig Green Mountain (Nasdaq: GMCR) from 10% to 16%.

FuelCell (Nasdaq: FCEL) sold four fuel cell modules totaling 5.6 megawatts to POSCO Energy (NYSE: PKX).

On the downside 

DXP Enterprises (Nasdaq: DXPE) reported lower earnings for the first quarter.

Dealertrack Technologies (Nasdaq: TRAK) blamed non-cash charges for widening first quarter losses.

Odyssey Marine Exploration (Nasdaq: OMEX) reported a wider than expected loss for the first quarter as revenue fell.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 2 to 1 on Nasdaq. The broader S&P 500 added a point to 1897. Bitcoin slipped  $1.40 or 0.32% to $437.42.

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