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September 01, 2020 1:37pm
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Lower close on light trading day

The markets closed lower on a light trading day with the Dow slipping 12 points to 22,761. Nasdaq lost 10 points to 6,579.


On the upside


Piper Jaffray initiated coverage of Altimmune (Nasdaq: ALT) with an Overweight rating.


Helix Energy Solutions Group (NYSE: HLX) is exploring strategic options including a potential sale.


Goldman Sachs upgraded MuleSoft (NYSE: MULE) from a Neutral rating to a Buy rating.

On the downside


Profit taking weighed down shares of Marinus Pharmaceuticals (Nasdaq: MRNS).


Investors locked in profits on Endocyte (Nasdaq: ECYT).

A disappointingly poor opening weekend for Blade Runner 2019 weighed down shares of AMC Entertainment (NYSE: AMC).


In the broad market, declining issues outpaced advancers by a margin of nearly 4 to 3 on the NYSE and by nearly 3 to 2 on Nasdaq. The broader S&P 500 lost 4 points to 2,544. Bitcoin leaped $221 to $4,803.


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