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September 01, 2020 10:18am
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Markets Mixed At Midday

The markets traded mixed during the midday with the Dow losing 16 points to 12,838 as investors weighed J. P. Morgan’s $2 billion loss against rising consumer sentiment. Nasdaq rose 10 points to 2944.

On the upside

Dillard’s (NYSE: DDS) reported higher first quarter earnings that beat analyst expectations as revenue climbed.

Shares of Ignite Restaurant (Nasdaq: IRG) soared in its market debut.


Keryx Biopharmaceuticals (Nasdaq: KERX) will present at the 11th Annual JMP Securities Research Conference next Tuesday, May 15. 

On the downside

The Food and Drug Administration is inspecting Alere’s (NYSE: ALR) San Diego facility that makes the Alere Triage products.

Career Education (Nasdaq: CECO) reported sharply lower first quarter earnings as new student enrollment dropped.


A123 Systems (Nasdaq: AONE) warned that it will report a loss of $125 million for the first quarter due to a battery recall.

In the broad market, declining issues outpaced advancers by a margin of more than 10 to 9 on the NYSE and by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 791.

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