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September 01, 2020 10:18am
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Higher close on upbeat economic data

Upbeat economic data lifted the markets to a higher close with the Dow gaining 65 points to 17,500. Nasdaq soared 57 points to 4,769.

On the upside

Motley Fool wrote that PTC Therapeutics (Nasdaq: PTCT) had a more promising Duchenne muscular dystrophy treatment than Sarepta Therapeutics (Nasdaq: SRPT).

Bargain hunters lifted shares of Stage Stores (NYSE: SSI).

LendingClub (NYSE: LC) acting chief executive Scott Sanborn reassured investors that the company was financially viable and said that the company was working with Jefferies Group to secure buyers for its loans.

On the downside

First quarter revenue plunged for DryShips (Nasdaq: DRYS).

Quality Systems (Nasdaq: QSII) fell to a loss for the fourth quarter.

Society Generale downgraded Constellium (NYSE: CSTM) from a Buy rating to a Hold rating.

In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by more than 3 to 1 on Nasdaq. The broader S&P 500 climbed 12 points to 2,052. Bitcoin eased to $440.
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