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September 01, 2020 1:41pm
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Mixed close over falling energy prices

The markets closed mixed with the Dow falling 57 points to 21,410 over concerns about falling energy prices. Nasdaq soared 45 points to 6,233.


On the upside


La-Z-Boy (NYSE: LZB) reported higher fourth quarter earnings that topped analyst estimates.


Winnebago Industries (NYSE: WGO) reported sharply higher third quarter earnings and revenue that beat analyst expectations.


Bargain hunters continued to lift shares of Pandora Media (NYSE: P).


On the downside


Shares of Carrizo Oil & Gas (Nasdaq: CRZO) fell over concerns of falling crude oil prices.


Seaport Global Securities downgraded Eclipse Resources (Nasdaq: ECR) from a Buy rating to a Neutral rating.

Morgan Stanley reiterated its Equal Weight rating for Superior Energy Services (NYSE: SPN).


In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 eased a point to 2,435. Bitcoin eased to $2635.


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