Book Online or Call 1-855-SAUSALITO

Sign In  |  Register  |  About Sausalito  |  Contact Us

Sausalito, CA
September 01, 2020 1:41pm
7-Day Forecast | Traffic
  • Search Hotels in Sausalito

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Higher close on upbeat earnings

Upbeat earnings news boosted the markets to a sharply higher close with the Dow leaping 212 points to 24,573. Nasdaq climbed 49 points to 7156.


On the upside


Intelsat (NYSE: I) subsidiary Intelsat General is part of a team of companies that was awarded an order to develop and operate a satellite payload for the Federal Aviation Administration.


Navistar International (NYSE: NAV) may be acquired by Volkswagen.


Analysts expect Carvana (NYSE: CVNA) to post a profit in 2020.

On the downside


The Commerce Department's ban on sales to ZTE will negatively impact revenue for Acadia Communications (Nasdaq: ACIA), which received 30% of its 2017 revenue from the Chinese telecommunications equipment maker.


Clovis Oncology (Nasdaq: CLVS) announced a public offering of convertible senior notes and common stock.


Shares of optical components maker Oclaro (Nasdaq: OCLR) tumbled after the Commerce Department issued a ban on sales of Chinese telecommunications equipment maker ZTE.


In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 gained 21 points to 2,677. Bitcoin sank $308 to $8,003.


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Photos copyright by Jay Graham Photographer
Copyright © 2010-2020 Sausalito.com & California Media Partners, LLC. All rights reserved.