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September 01, 2020 1:37pm
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Flat open over mixed earnings

The markets opened flat with the Dow slipping 4 points to 22,952 over mixed earnings. Nasdaq lost 3 points to 6,621.


On the upside


Spirit Airlines (Nasdaq: SAVE) lifted its third quarter revenue per available seat mile guidance.


UnitedHealth Group (NYSE: UNH) reported higher third quarter earnings that topped analyst estimates.


Bargain hunters lifted shares of PG&E (NYSE: PCG).

On the downside


Business jet deliveries fell for Embraer (NYSE: ERJ) in the third quarter.


Falling gold prices weighed down shares of IAMGOLD (NYSE: IAG).

Economics and Money recommended Avon (NYSE: AVP) over Coty (NYSE: COTY) in the beauty products market.


In the broad market, declining issues outpaced advancers by a margin of nearly 5 to 4 on the NYSE and by nearly 9 to 8 on Nasdaq. The broader S&P 500 held steady at 2,557. Bitcoin plunged $127 to $5,577.


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