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September 01, 2020 10:18am
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Stocks Fall Ahead Of Earnings

The markets traded lower during the midday with the Dow dropping 51 points to 12,720 ahead of corporate earnings reports. Nasdaq slipped 7 points to 2929.On the upsideCentral European Distribution (Nasdaq: CEDC) announced the resignation of chairman, president and chief executive Willaim V. Carey. The vodka maker also signed amended agreements on its strategic alliance with Russian Standard.Sales of Questcor Pharmaceuticals’ (Nasdaq: QCOR) multiple sclerosis treatment Acthar climbed in the second quarter.A Seeking Alpha contributor listed three developments indicating that Antares Pharma (Nasdaq: ATRS) would rise.On the downsideLuminex (Nasdaq: LMNX) will acquire privately held GenturaDx for approximately $50 million in cash.Shares of A123 Systems (Nasdaq: AONE) continued falling after announcing that it only had enough cash to fund operations for five more months.News that Facebook (Nasdaq: FB) may enter the professional networking space with a job listing board sent shares of LinkedIn (NYSE: LNKD) tumbling.In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 803.
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