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September 01, 2020 10:18am
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Higher Close On Upbeat Earnings

Upbeat earnings lifted the markets to a modestly higher close with the Dow rising 19 points to 14,567. Nasdaq climbed 27 points to 3233.

On the upside

Met-Pro (NYSE: MPR) will be acquired by CECO Environmental in a cash and stock deal valued at approximately $210 million.

UBS lifted its price target on Supervalu (NYSE: SVU) from $2.20 to $4.70.

Six Flags Entertainment (NYSE: SIX) narrowed first quarter losses as attendance surged.

On the downside

Profit taking sank shares of Desarrolladora Homex (NYSE: HXM).

JPMorgan Chase downgraded Wipro (NYSE: WIT) from an Overweight rating to a Neutral rating.

Glancy Binkow & Goldberg expanded the period of its class action lawsuit against ITT Educational Services (NYSE: ESI).


In the broad market, advancing issues outpaced decliners by a margin of 3 to 2 on the NYSE and by nearly 10 to 9 on Nasdaq. The broader S&P 500 index rose 7 points to 1562.

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