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September 01, 2020 10:18am
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Lower close as jobless claims rise

An increase in jobless claims weighed the markets down to a lower close with the Dow falling 40 points to 18,162. Nasdaq slipped 4 points to 5,241.


On the upside


Shares of iRhythm Technologies (Nasdaq: IRTC) surged in its market debut.


Moleculin Biotech (Nasdaq: MBRX) will hold a conference call this afternoon to discuss important developments of its acute myeloid leukemia treatment Annamycin.


A Tier 1 US operator selected Ceragon Networks (Nasdaq: CRNT) as its primary wireless backhaul supplier.


On the downside


The Federal Reserve Bank of Atlanta and the Louisiana Office of Financial Institutions identified First NBC Bank Holding (Nasdaq: FNBC) as in a troubled condition.


Syntel (Nasdaq: SYNT) fell to a loss for the third quarter as revenue slipped.


Select Comfort (Nasdaq: SCSS) reported lower third quarter earnings and revenue that missed expectations and cut its full year forecast prompting a downgrade.


In the broad market, declining issues outpaced advancers by a margin of more than 9 to 7 on the NYSE and by more than 10 to 9 on Nasdaq. The broader S&P 500 slipped 2 points to 2,141. Bitcoin added $1 to $628.

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