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September 01, 2020 10:18am
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Bank Of Japan Expands Stimulus, Markets Close Higher

The Bank of Japan expanded its stimulus plan to lift domestic markets to a higher close with the Dow climbing 55 points to 14,606. Nasdaq rose 6 points to 3224.

On the upside

Star Scientific (Nasdaq: STSI) said that two shareholder complaints filed against the company were without merit. 

Jos. A. Bank Clothiers (Nasdaq: JOSB) reported lower fourth quarter earnings but the results beat analyst expectations.

 

Stifel Nicolaus lifted its price target on Conn’s (Nasdaq: CONN) from $36 to $50.

On the downside

Debtwire reported that Exide Technologies (Nasdaq: XIDE) retained the services of Lazard and Akin Gump Strauss Hauer & Feld to explore restructuring options.

Morgan Stanley analyst Katy Hubert cut her 2013 revenue and earnings guidance for Teradata (NYSE: TDC).

Ixia (Nasdaq: XXIA) must restate financial reports for 2010, 2011 and the first three quarters of 2012.

  

In the broad market, advancing issues outpaced decliners by a margin of 5 to 3 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 index rose 6 points to 1559.

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