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September 01, 2020 10:18am
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Lower Close As Greece Struggles With Unrest

Concerns that Greek politicians may not approve austerity measures in order to receive additional bailout funds sent the markets down to a lower close with the Dow tumbling 89 points to 12,801. Nasdaq fell 23 points to 2903.

On the upside

The Paragon Report wrote that growth in the solar industry will benefit Energy Conversion Devices (Nasdaq: ENER). 

Analysts expect Vonage Holdings (NYSE: VG) to report sharply higher earnings next week.


Pharmacyclics (Nasdaq: PCYC) reversed year ago losses to post an unexpected profit for the second quarter as revenue surged.

On the downside

Capstone Turbine (Nasdaq: CPST) disappointed with third quarter earnings and revenue that fell short of expectations.  

Profit taking sank shares of Trina Solar (NYSE: TSL) and Yingli Green Energy (NYSE: YGE). 


KV Pharmaceutical (NYSE: KVA) reported significant losses for the fourth quarter and warned of future losses.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by nearly 3 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 11 points to 813.

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