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September 01, 2020 10:18am
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Tax plan approved but markets slip

Both houses of Congress approved the tax overhaul plan but the markets closed lower with the Dow losing 28 points to 24,726. Nasdaq slipped 2 points to 6,960.


On the upside


Shares of Future FinTech Group (Nasdaq: FTFT) surged on speculation that the fruit juice company was entering the cryptocurrency market.


Advaxis (Nasdaq: ADXS) stock rose ahead of its business update after market close.


Synergy Pharmaceuticals (Nasdaq: SGYP) named executive vice president Troy Hamilton to the position of chief executive effective immediately.


On the downside


Investors locked in profits on ChinaCache International Holdings (Nasdaq: CCIH).


Actuant (NYSE: ATU) reported higher first quarter earnings and revenue but the stock price fell.


A law firm initiated an investigation into Alteryx (NYSE: AYX) for an alleged data breach.


In the broad market, advancing issues were on par with decliners on both the NYSE and on Nasdaq. The broader S&P 500 slipped 2 points to 2,679. Bitcoin crashed $1,127 to $16,200.


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