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September 01, 2020 1:41pm
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Higher close despite drop in home sales

Sales of new single family homes fell in April but the markets closed modestly higher with the Dow gaining 43 points to 20,937 as investors reviewed President Donald Trump's budget plan. Nasdaq rose 5 points to 6,138.


On the upside


Glencore reportedly made an offer to acquire Bunge (NYSE: BG).


Shares of Puma Biotechnology (Nasdaq: PBYI) extended its gains.


Bargain hunters lifted shares of Endo International (Nasdaq: ENDP).


On the downside


Third quarter earnings and revenue for AutoZone (NYSE: AZO) fell short of analyst expectations.


Second quarter earnings fell for Nordson (Nasdaq: NDSN) even as revenue climbed.

DSW (NYSE: DSW) disappointed with lower first quarter earnings that missed expectations.


The broader S&P 500 rose 4 points to 2,398. Bitcoin soared $79 to $2226.


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