Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Markets Mixed As iPhone Launch Lifts Technology Stocks

The markets traded mixed during the midday with the Dow falling 56 points to 10,599 as investors monitored a potential Greek bankruptcy. The launch of Apple’s latest iPhone lifted technology stocks with Nasdaq climbing 34 points to 2370.

On the upside

Bargain hunters lifted shares of Patriot Coal (NYSE: PCX), whose stock price dropped last week. 

The Food and Drug Administration granted Transcept Pharmaceuticals (Nasdaq: TSPT) a shorter review period for its insomnia treatment Intermezzo. 

Polycom (Nasdaq: PLCM) introduced its new Soundstation Duo conference phone that works with analog networks as well as Voice over IP environments.  

On the downside

Shares of Gentiva Health (Nasdaq: GTIV) and Amedisys (NYSE: AMED) continued falling after a Senate panel found that the home health care companies provided medically unnecessary treatment to Medicare patients. 

Retreating silver prices weighed down shares of Endeavour Silver (NYSE: EXK).

Shares of AT&T (NYSE: T) fell on reports that Sprint (NYSE: S) will offer Apple’s (Nasdaq: AAPL) iPhone.

In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE while advancers edged out decliners by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 12 points to 621.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.