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September 01, 2020 10:18am
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Mixed Markets Ahead Of Fed Minutes

The markets traded mixed during the midday with the Dow slipping 28 points to 15,271 as investors await the release of minutes from the latest Federal Reserve policy meeting. Nasdaq rose 6 points to 3510.

On the upside

Allscripts Healthcare Solutions (Nasdaq: MDRX) expects bookings in the second quarter to climb. 

Nu Skin Enterprises (NYSE: NUS) increased its second quarter and full year revenue and earnings outlook. 

Family Dollar Stores (NYSE: FDO) reported higher third quarter revenue.

On the downside

ADTRAN (Nasdaq: ADTN) reported lower second quarter earnings and revenue.

TheStreet noted that iTunes Radio (Nasdaq: AAPL) will most likely have more to offer than Pandora (NYSE: P).

Amazon Web Services (Nasdaq: AMZN) cut prices for its cloud computing services sending shares of Rackspace Hosting (NYSE: RAX) tumbling.   

In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE while advancers edged out decliners by nearly 10 to 9 on Nasdaq. The broader S&P 500 index lost 2 points to 1649.

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