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September 01, 2020 10:18am
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Flat Open As Home Sales Slip

The markets opened flat with the Dow adding 2 points to 15,402 as sales of existing homes fell. Nasdaq rose 15 points to 3929.

On the upside

Marlin Equity Partners will take Tellabs (Nasdaq: TLAB) private for $891 million.

Hasbro (Nasdaq: HAS) reported higher third quarter earnings and revenue that topped analyst estimates.

Shares of Voxeljet (NYSE: VJET) continued rising after a successful IPO on Friday.

On the downside

Shares of J. C. Penney (NYSE: JCP) fell as garment factories in Bangladesh prepare to raise the minimum wage. 

Halliburton (NYSE: HAL) reported higher third quarter earnings but revenue fell short of analyst expectations.

A Seeking Alpha contributor wrote that shipping rates will drop for DryShips (Nasdaq: DRYS).

In the broad market, advancing issues barely edged out decliners by a slim margin on the NYSE and by 9 to 7 on Nasdaq. The broader S&P 500 added 2 points to 1746.

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